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U.S. Holds On t» the Ryder Cup At the End, Soviet Atomic Overkill 

Numbers Surpassed Most U.S. Estimates, Russian Says 




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Paid Azingerof the United States celebrating after sinking a putt on Na 18 to halves 
match against Nick Faldo of England and wrap up the US. victory over the Europeans, 
15-13. Leading the U.S. comeback were Raymond Floyd and Davis Love 3d. Page 15. 

n 

Curtain Falls in Cambodia: 
A UN Success, With Flaws 


By William Branigin 

ttiis/ungton i A»r Semce 

PHNOM PENH — With a final flourish of 
pomp and fanfare, the United Nations ended 
ii>, peacekeeping mission here on Sunday as 
Yasushi Akashi. its Japanese head, bid an emo- 
tional farewell to the newly reconsliluted king- 
dom of Cambodia. 

The UN Transitional Authority in Cambodia 
officially completed its 18-month mandate as 
the largest, most ambitious and most expensive 
such operation to date. 

Touted as a model for future UN peacekeep- 
ing operations, it carried out a broad adminis- 
trative assignment and presided over a transter 
of authority from a former communist one- 
party state to a new multiparty democracy 
under a restored constitutional monarch. 

But it also reflected some of the flaws of the 
UN svstem. The S1.7 billion mission, which 


UI'I avaicui. — . 

included 22.000 military, police and civilian 
personnel at its peak, embodied dements of the 
waste, inefficiency, patronage and nusmanage- 


Sy’WBliam J. Broad ’ 

Nett York Tones Service 

NEW YORK — A top Russian official says 
Moscow's nuclear arsenal peaked seven years 
ago at 45.000 warheads — 12,000 more than 
generally believed, twice the number held In' 
the United States at the time and exceeding all 
estimates save those of the most hawkish ana- 
lysts. 

The official, Viktor N. Mikhailov, head of 
Russia’s Ministry of Atomic Energy, also says 
the national stockpile of highly enriched urani- 
um is more than twice as large as conunonly 
believed. Uranium in tins form is a principal 
component of most nodear weapons. 

Tne Russian inventory of bomb-grade urani- 
um is now said to be more than 1,200 metric 
tons. President George Bush announced a 
muWbillion-doDar deal a year a go in which the 
United States would buy 500 metric ions of the 
Russian material, apparently thinking that rt*« 
was most of Moscow’s supply. The Canton 
administration is now considering whether to 
expand that purchase. 


The new comments being made by Mr. Mi- 
hailov are scattered among recent interviews, 
conferences and public statements, some of 
which have appeared in the Russian press. 

Surprised analysts say the remarks could 
rewrite significant parts of the Cold War's his- 
tory, with one suggesting that the West's blind- 

Tfce United States won’t resmne nadear tests 
hunetferriy even ff Oma does. Page 4. 

ness to the arsenal's size was an intelligence 
failure that might have had disastrous conse- 
quences. 

“The large numbers lead you to worry that 
some of the planners may have had a first strike 
in mind — using large numbers of weapons and 
having large numbers in reserve,” said Bobby 
Ray Inman, a retired a dmira l and framer hg»d 
of the National Security Agency. 

A more benign explanation, Mr. Inman said, 
was that the arsenal's huge size reflected a 
bureaucracy run amok and was unconnected to 


military strategy. “You just produce any num- 
ber you can,” he said in an interview. 

Experts agree that the existence of a much 
larger uranium stockpile gives new ur genc y to 
tracking Russian bomb materials and guarding 
them against accident mid theft amid political 
turmoil, a job the West is trying to aid. 

Moreover, some warn that a large surplus of 
unregulated bomb-grade uranium might thwart 
new East-West arms accords or darken the 
estimates of military threats to the West if an 
unfriendly government came to power. 

The sheer size of the enriched ur anium stock- 
rale illuminates the origins of a major part of 
Russia’s current ecological crisis, revealing the 
pressures for the production of nudear material 
that underlie the calamities of radioactive pol- 
lution and poisoning that now haunt large parts 
of the framer Soviet state. 

The large stocks of newly disclosed Russian 
weapons and bomb material never violated on 
East-West arms accord, all of which set limits 
on large and verifiable objects like delivery 

See OVERKILL, Page 4 


Inside Parliament, Anger and Gloom 


By Steven Erlanger 

Here York Times Service 

MOSCOW — President Boris N. Yeltsin 
mem a . cold but sunny morning Sunday in 
Red Square with thousands of ordinary citi- 
zens, listening to the revered Mstislav Rostro- 
povich direct Washington's National Sym- 
phony Orchestra. 

Russia’s other president, Alexander V. 
Rutskoi, spent his morning in the increasing- 
ly isolated parliament budding, or White 
House, where the long, echoing corridors are 
lighted every 25 meters or so by a single 
fluorescent fixture nm by a generator, and 
where the offices have no lights at all 

Mr. Yeltsin has cut off the budding’s eleo-. 
tricity, and the government phones, and even 
the city water, (bough a few toilets nm from 
two artesian wells that had been dog for 
emergencies. What bad seemed operetta-like 
an regular visits to the parliament building 
over the last few days, with Gilbert-and- 
Sullivan touches of make-believe and pom- 
posity, took on a melancholy and depressing 
air an Sunday. 


Mr. Rutskoi, talking to a few journalists, 
wondered, in a moment of introspection, why 
the cause of constitutionality that seems so 
self-evident to him and his followeis had 
round so little resonance in Washington. 

Why would President Bill Clinton support - 
Mr. Yeltsin's disbanding of the Russian legis- 
lature and suspension of the old constitution? 
Mr. Rutskoi looking pale and tired, paused, 
then spat out: “I don’t know. He must be as . 
much of a democrat as Yeltsin." 

Mr. Rutskoi 's mood of annoyance, fatigue 
and incomprehension was duplicated many 
times over throughout the huge, gloomy 
building where many of the dwindling num- 
ber of deputies who remain have spent cold, 
lightless nights on cots in their offices, leaving 
the building only to try to wash or to call their 

f amili es 

“Sure it’s cold at night, but I'm from Sibe- 
ria.” said Vla dimir B. Nimayev. a deputy 
from Buryatia. “We're hunters, so we can 
spend the nigbt by campfires." 

But in a longer conversation, be grew more 
sober, speaking with contempt of those depu- 


ties “who turned out to be receptive to Yelt- 
sin’s inducements.” 

What he could not understand, he said, “is 
the silence of the American Congress to Yelt- 
sin's illegal acts and his manipulation of the 
-media.” 

Mr. Nimayev asked if the American presi- 
dent could simply disband his Congress, and 
said, “I just can't understand why the demo- 
cratic states reacted the way they did.” 

Down the long corridors, haphazardly 
dressed “popular guards.” mostly volunteer 
former soldiers, lounged in the stairwells near 
the thin, afternoon daylight; deputies, con- 
sidered merely “private citizens” by the in- 
creasingly self-confident Yeltsin government, 
huddled. Approached by a journalist, some 
marched off purposefully down corridors 
with some bit of inflated business to do, 
claiming they were pressed for time. 

Mr. Rutskoi. whose large complex of of- 
fices on the building's third floor is guarded 
on either ride by men in military camouflage 

See MOSCOW, Page 4 


ConfusingTimes for Russian Legislators 


- By Serge Schmemann 

Kew York Tuna Semce 

MOSCOW — To many of the deputies holed 
up in the darkened and isolated Moscow White 
House and their supporters racing outside, it 
was a mystery why President BiB Clinton and 
the West so automatically came out in support 
of President Boris N. Yeltsin in the showdown. 

Wasn't the legislature “democratically elect- 
ed?" Wasn’t it “constitutional?” Were deputies 
not the guarantors of a balance of power, like 
legislators in any Western democracy? 

Mr. Clinton must have his own reasons, they 
insinuated, in the time-hallowed Soviet way. for 
supporting Mr. Yeltsin. 

There was nothing in the upbringing of these 
people that would equip them to appreciate the 
notion that above their laws there could be 
principles, that a constitution itself could be 


“unconstitutional" if it served only a small 
clique; that “the people" wasnot only a rhetori- 
cal flourish, dial a popularly elected president 
might have higher moral authority than a legal 
bat dysfunctional assembly. 

The prevalence of these attitudes at the Mos- 
cow White House was not surprising. All of Mr. 

NEWS ANALYSIS 

Yeltsin’s supporters and many of his more 
reasonable detractors had abandoned the Con- 
gress, leaving a rump of communists, national- 
ists and malcontents to man the parliament 
b uilding . 

Many of the deputies inride were former 
small-time Communist apparatchiks and other 
nonentities, because back when various Soviets 
were bring elected three or four years ago. the 
best and brightest opted for the all-Soviet legis- 


lature, the one dissolved after the August 1991 
-putsch, t- : 

Many Russian deputies had little to go bad; 
to if they lost the minor perks of a People’s 
Deputy — a Moscow apartment, per diems, 
free air travel petty bribes, the chaoce of being 
included in a foreign delegation — and it was 
largely for these things that many now fought. 

There were die-hard communists among 
them, to be sure, deputies whose hatred for Mr. 
Yeltsin followed logically from the fact that he 
was actively working to destroy what they stood 
fra. 


But many despised Mr. Yeltsin — as they 
had Mikhail S. Gorbachev, the last Soviet lead- 
er — out of the presumption that the presidents 
were cut from tne same doth as they, and were 

See YELTSIN, Page 4 


Yeltsin Urged 
To Accept 
Compromise 
On Elections 

Regional Leaders Want 
An Early Vote for Both 
President and Congress 

Setr York Tunes Semce 

MOSCOW — Regional leaders meeting Sun- 
day in Sl Petersburg joined a growing chorus of 
calls for early elections for both president and 
parliament to resolve the conflicting Haims to 
power by the president and the parliament. 

The proposal, issued by leaders of regional 
councils after a daylong meeting behind closed 
doors, colled on leaders erf Russia's SS federa- 
tive regions to “take control of the development 
of events” and organize new elections before 
the end of the year. 

The participants proposed that both Presi- 
dent Boris N. Yeltsin and the Congress of 
People's Deputies reverse their edicts dismiss- 
ing each other, and that the legislature that 
turn its powers aver to the Council of the 
Federation, a body of regional leaden formed 
by Mrl Yeltsin, until they cm be assumed by a 
new* legislature. 

Representatives of both President Yeltsin 
and the Congress of People's Deputies attend- 
ed. but they made no comment. 

The proposal was the most concrete blue- 
print for a way out of the standoff since Mr. 
Ydirin first declared the Congress dissolved on 
Tuesday and called for new elections to the 
parliament for December and for the presiden- 
cy for June. The legislature immediately de- 
posed him, naming Vice President Alexander 
V. Rutskoi as acting president 

In subsequent days. Mr. Yeltsin has steadily 
increased pressure on defiant deputies holed up 
in their headquarters in the White House par- 
liament building, mining off electricity and 
phones and ringing the building with security 
forces. 

But the perception has also spread that a one- 
sided victory by Mr. Yeltsin would only (hive 
the conflict deeper into Russia, where parallel 
disputes have divided many regional councils 
and administrations. 

That has led to a growing number of efforts 
to find a negotiated way out of the conflict, all 
centering on simultaneous elections. Although 
Mr. Yeltsin has publicly rqected any compro- 
mise, declaring that the Congress is no longer in 
existence, his aides have bent actively involved 
in the various contacts. 

The Congress, for its part, has already voted 
to bold joint elections by Mnrch- 

The proposal by the regional councils was 
promising because it allowed the Congress a 
face-saving way out and satisfied Mr. Yeltsin's 
insistence that the Congress no longer be al- 
lowed to function. It also followed Mr. Yelt- 
sin's December timetable, and his proposal that 
legislative duties be assumed by the Council of 
the Federation until the lower bouse, the Slate 
Duma, is elected. Under Mr. Yeltsin's propos- 
al the Council of the Federation would become 
the upper house. 

While the council leaders met in Sl Peters- 
burg. mediators were also busy in Moscow. 

One round or contacts was held through 
Valeri D. Zorkin, the chairman of the Constitu- 
tional Court, who met first with Mr. Rutskoi in 

See RUSSIA, Page 4 


ment common to the United Nations, and 
many analysts both inside and outside the orga- 
nization viewed it as far more expensive than it 
needed to be. 

Beset by troubled operations elsewhere, the 
United Nations now points to Cambodia as a 

NEWS ANALYSIS 

success story. But as Mr. Akashi noted Sunday, 
meet of the credit goes to the Cambodian peo- 
ple. . . . 

At a time when UN mission was dose to 
losing its nerve, Cambodians turned out en 
masse to vote in the May 23-28 elections, defy- 
ing threats from Khmer Rouge guerrillas to 
disrupt the polls as well as violence and intimi- 
dation beforehand by the Phnom Penh govern- 
ment The 90 percent voter turnout and the 
success of the secret ballot did much to make 
the elections a UN triumph and rescue the 
mission’s credibility. 

“We were sustained by the great courage of 
See CAMBODIA, Page 5 


* 


Green Leaders See Red 
In Ecuador’s Amazon 






Vbdmir UjsIlhi’ Apax Frant-Prcnc 

Moscow’s mayor, Yuri M. Luzhkov, left, with Mr. Yeltsin aid Gafina Rostropovich, wife of Mstislav Rostropovich, applauding Washington's National Symphony Orchestra. 


By James Brooke 

.Vrw YnrA Tuna Semce 
QUITO. Ecuador — Standing on a nver- 
bank outside his .Ammon tourist lodge, 

Jan Brouwer raised his nfleoneday last year 
and shot out the tires, hea^^ ^«^- 

and ] 4 guests pound, ng ™ 
threatening to «c 

of the ro U nd-the<!«t ^ 

by a subcontractor for 

^-lfwuSeW see the rain forest, ^ to wnttji 
operates the ^°| c J^ 5 ^roniSl 

ing collision between two radicauy 

views of Ecuador s Amazon. 


03 companies depict the area as a pool of 
underground wealth, 2 billion barms of oil 
that could lift this nation out of oiromc 
poverty. 

Organizers of “nature tourism” argue that 
the Amazon, rate of the world’s richest bio- 

Indian inhabitants. 

Conflicts between preservation and devel- 
opment are common m the eight-nation Am- 
azon region. but Ecuador s orcumstances 
have thrown the debate mlo fast forward. 

With about one-third of the nation covered 
bv rain forest, oil drillers and tounst opera- 
tors increasingly say the area is ioo small for 
both industries. 

On the scale of economic value, oil Ham- 
dor's largest export, currently outweighs 
■uxnism, Ecuadors four* largest source of. 
foreign exchange. 

"Ecuadoreans need ofl for development." 
Francisco Costa Cotoma, the energy and 

See FOREST, Page 12 


Kiosk 


Shevardnadze Is Urged to Flee Gty 

Separatist Abkhazian rebels surrounded The Georgian government, saying Mr. Sht- 
tbe headquarters of the Georgian leader, vandnadze’s “life was in danger” asked Rus- 
Eduard A. Shevardnadze, in Sukhumi on si an forces to evacuate him while aides des- 
Sunday as they tightened their stranglehold perately pleaded with Mr. Shevardnadze to 
on the besieged Black Sea port leave for his own safety. (Page 4) 

Bonn Rejects Moscow’s Bid for Debt Write-Off 

WASHINGTON (Reuters) — Russia sug- He said the Russian deputy prime minister, 
gested Sunday that interaational creditors Alexander N. Shokhin, had raised the possi- 
write off part of its $80 billion in foreign debt, bility of a reduction in Russia’s debt burden 
but Germany rejected the request. Finance ^ ^ interaational Monetary Fund talks. 
‘ ‘ ~ * waifid of Germany said. ■ /Related article Paee 9.) 


U.S. Firm on Somalia Role 
After Deaths of 3 Soldiers 


Minister Thro 


Genaral Haws 


(Related article. Page 9.) 


Business / Finance 


CSmoo’s health pfan could lead to a “down- China froze approval for new stock and bond 
tiring” of the work fores. P^e 3. investment funds. Vsge 9. 


Book Review 


Page 7. 


By Eric Schmitt 

,V(« Fort Times Soviet 

WASHINGTON —The Clinton administra- 
tion has declared that the deaths of three U.S. 
soldiers whose helicopter was shot down in 
Mogadishu will not deter Washington from 
suppor ting the United Nations operation in 
Scan alia. 

But the casualties Saturday, which brought 
to 1 1 (he number of U.S. combat deaths there, 
provoked renewed calls from some in Congress 
for the immediate withdrawal of the 4,700 -re- 
maining U-S- troops. 

“As I have stated before, haring completed 
the original mission to feed the starving people 
of Somalia, we should bring our military forces 
home." said Senator Robot G Byrd, a West 
Virginia Democrat. 


The deaths of the soldiers may also compli- 
cate deliberations in the administration about 
sending U.S. troops to Bosnia to help enforce 
any peace settlement reached there. 

President Bill Clinton met in the White 
House with Secretary of State Warren M. 

Somafi experiment in local democracy gets off 
to a rough start Page 7. 

Christopher. Defense Secretary Los Asp in and 
other top national security advisers to discuss 
the Balkans. 

■Hie downing by rocket grenade of the U.S. 
helicopter — the first allied aircraft shot down 
since U-S. troops landed in Mogadishu in De- 

See SOMALIA, Page 12 











Page 2 


INTERNATIONAL HERALD TRIBUNE, MONDAY, SEPTEMBER 27, 1993 


Infighting Threatens to Split Sarajevo Defenders 


By John F. Bums 

New York Tuna Serna 

SARAJEVO, Bosnia-Herze- 
gcrvina — As Bosnia's Muslim- 
led legislature prepares for a bit* 
ter debate and unpredictable 
vote on an international peace 
plan, the country's leaders are 
straggling to head off a split 
within the ethnically mixed 
forces defending Sarajevo from 
Serbian nationalist troops. 

Since the siege began nearly 1 8 
months ago, the defense of the 
Bo snia n capital ha$ rested on an 
uneasy and often fractious alli- 
ance of professional military 
units ana paramilitary groups, 
formally known as the Bosnian 
Army. Added to these predomi- 
nantly Muslim units is the HYO, 
the acronym for the nationalist 
Croatian troops that have been 
the third force in the Bosnian 
war. 

The association between the 
Bosnian forces and the HVO in 
Sarajevo has frayed further in 
recent days, leading to armed 
confrontations. In one incident. 
UN troops were deployed to pre- 
vent a battle around a Croatian 
barracks. 

After negotiations sponsored 
by the United Nations, Bosnian 
army commanders agreed on 
Friday to postpone for seven 
days an ultimatum for HVO 
troops to pull back from critical 
front-line positions along the 
Mtijacka River in the center of 
the city. 

But tensions remain Hi g h, and 
there is uncertainty whether the 
two sides can avoid a battle that 
could seriously weaken the city’s 
defenses. 

The peace plan drawn up by 
international mediators, which 


the legislature will begin debat- 
ing this week, has served to fuel 
the dispute. 

Hard-liners within the Mus- 
lim-led Bosnian government and 
army have argued that since the 
West's support for the partition- 
ing of Bosnia along ethnic lines 
seems to reward the “ethnic 
cleansing*' campaigns of the 
Serbs and Croats, then the Mus- 
lims should adopt similar poli- 
cies towards their Serbian and 
Croatian neighbors in Sarajevo. 

The “Musliimzation” or “Isla- 
raidzation” of Sarajevo has long 
been feared by the tecs of thou- 
sands of Serbs and Croats who 
have remained in the Bosnian 
capital through the 18 months of 
civil war, working alongside 
Muslims in the hospitals, right- 
ing with them in the trenches and 
sharing the privations of the 
siege. 

For these people, most of them 
opposed to the breakup of Bos- 
nia and to the ethnic cleansing 
campaigns that Serbian and Cro- 
atian forces have used to accom- 
plish that goal, the international 
peace plan is a particularly Inner 
Blow, since many fed that the 
plan leaves them with no safe 
place to go. 

The confrontation in Sarajevo 
between the Bosnian forces and 
the HVO has been simmering for 
months. 

From the beginning of the war 
the Croatian force has been been 
the most unpredictable of the 
three factions contending for 
control of Bosnia, tending to 
shift alliances to where the Cro- 
atian leaders see greater advan- 
tage for Bosnia's 750,000 Croats. 

When Serbiaa forces first 
swept across Bosnia with their 


“ethnic cleansing” offensives, 
the HVO origina&y sided with 
the Bosnians and fought with 
them against the Serbs. 

Last fail the alliance began to 
crumble as the Croats began 
“ethnic deansing” offensives of 
their own to create an exclusive 
Croatian domain within Bosnia 
to match die one seized by Serbs. 

But while the Bosnian Army 
found itself fighting on two 
fronts in the countryside, against 
Serbian and Croatian forces, it 
retained the backing of HVO 
units in Sarajevo. 

That arrangement became in- 
creasingly tenuous as the right- 
ing between Bosnian Muslim 
and Croatian units outside Sara- 
jevo. particularly in the south- 
western city of Mostar. suddenly 
became the focal point of the 
war. 

The HVO’s position in Saraje- 
vo has been thrown further in 

doubt by a growing concern 
within the Bosnian Army that 
the Croatian units could betray 
key positions to the Serbs. 

■ Reports of Gashes 

Bosnian Croatian forces said 
fighting with Muslim govern- 
ment troops appeared to be dy- 
ing down m the Bosnian city of 
Mostar on Sunday after a cease- 
lire reached with UN mediation. 

UN peacekeeping officials 
said there was heavy Croatian- 
Muslim righting in Mostar on 
Saturday but they were unable to 
say whether hostilities continued 
after the truce. 

But a Bosnian Croatian mili- 
tary spokesman said Mostar was 
largely calm on Sunday with 
only sporadic “small arms prov- 
ocations’* continuing along front 
lines. 



fire Mini- A#** Frs^Pnw 

A Bosnian youth playing war games in central Sarajevo. 


Q & A: For NATO, U.S. Role in Bosnia Is Crucial 


NA TO expects to be asked to enforce 
a peace agreement in Bosnia. Willem 
van Eekelen, secretary-general of the 
Western European Union, a NA TO af- 
filiate grouping the allied governments 
in Europe, talked with Joseph Fitdiett- 
of the International Harold Tribune 
about the conditions for success in NA- 
TO's first venture into peacekeeping in 
Eastern Europe. 

Q. Even though it would be acting un- 
der UN auspices, NATO conceives en- 
gagement in Bosnia as a combat situation. 
Unlike the current UN peacekeepers, a 
NATO force won’t paint its tanks white or 
let them be searched or order its men to be 
passive. Does NATO ran any serious risk 
in approaching its new mission in this 
spirit? 

A it's an enormous step and any failure 
would damage the credibility of NATO. It 
has a high reputation paitlyJxcause it has 
never failed militarily. Of course, this ac- 
tion will be a matter of using force to 
execute an agreement, hopefully signed 
this week, that all three parties want, pre- 
sumably. Even so, the amount of fence that 
could be needed depends on circum- 
stances that cannot be predicted very pre- 
cisely. If there is some isolated bad behav- 
ior. it's manageable. But what if, say. the 


entire Serbian community stops observing 
the agreement? 

NATO officials seem to be p lanning for 
the contingency of some large-scale viola- 
tions. I think that they are right to insist 
that any intervention must be credible and 
effective and cannot be allowed to fafl. But 
the question comes up: Will they get that 
mandate? If an agreement breaks down, 
some countries will want to reconsider 
their position, so they are not likely to 
endorse a whole-hog NATO approach. 

Q. If NATO gets a dear-cut mandate 
spelling out its role, what else is vital for 
rnflitmy success? Some allies want NA- 
TO' s top commander to run the operation, 
but France has objections to that and 
wants the top NATO authority to be a 
regional commander based in Italy. 

A Certainly we need to draw on the 
entire alliance-wide apparatus, especially 
real-time intelligence — something that 
only the United States can provide — that 
enables NATO officers to detect any 
large-scale action. And we need unity of 
command for the core force of allies that 
have learned to fight together using 
NATO command-and-comroL 

Since it will be under the UN flag, I 
think that as a practical matter some non- 
NATO countries might join — maybe 
Russians, although I don’t think they’ll 
come — if they were assigned an area of 


their own. with the only liaison to the 
overall NATO co mmand . 

Q. Was it deliberate that you didn’t 
mention any particular need for U.S. 
ground troops. 

A Everybody seems to be counting on 
25.000 Americans and dearly we need 
them. No Americans, no NATO. There is 
political weight in this precedent of seeing 
NATO handle the problem. And, unless 
the United States is participating substan- 
tially. which means with ground forces, 
some allies — especially the French and 
the Spanish — win be reluctant to operate 
in a NATO system, and so the job would 
not get done at alL 

Q. Do you worry that Congress might 
object to U.S. involvement in anplement- 
ing an accord that ratifies a Serbian vic- 
tory? 

A. I sympathize with some of those 
objections. But under the circumstances, 
the Muslims will not be better off if a 
chance is missed now. Winter deprivation 
threatens to be horrendous, without 
America, the whole agreement will trarav- 
eL This is all we have. 

No country, induding America, seems 
ready to do anything to change the out- 
come. The Muslims may have missed bet- 
ter deals because they were hoping for 
American hdp they were allowed to be- 
lieve would come — and didn’t Now there 
should be no wavering on President din- 


ton’s commitment to back an accord if it 
met certain conditions, which seem at 
hand. 

Q. Would U.S. reluctance to participate 
convince Europeans that Washington has 
abandoned a leadership role? 

A No one should be too hard on the 
United States: Americans can say they 
dislike the terms of the accord and they 
have a point in saying there are situations 
that are Europe's problems, not Ameri- 
ca’s. 

Even if Bosnia is settled, Europe will 
still face the long-term threat of a heavily 
armed Serbia and we should not lift the 
arms embargo until Belgrade takes steps 
to curb Serbian military capability. My 
point is that the Balkan problem, which 
has bun us so badly already, is not going 
away. NATO is talking about being in the 
Balkans for two years: Europe is going to 
be in it for a long, long time. 

That underscores the need for a new 
trans-Atlantic’ bargain on security, with 
Europeans teaming to take the main re- 
sponsibility for handling seme problems 
they can no longer expect Americans to 
solve for them. That means NATO should 
be ready to help Europe, perhaps a WEU 
force, by lending them some NATO assets 
in regional crises. This concept of NATO 
units as “separable, but not separate” 
seems to interest the Hinton administra- 
tion. 


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105 AngHn W SOWS 



Deaths of ETA Suspects Stir Unrest 


Reuters 

BILBAO, Spain — A suspected 
Basque guerrilla, who plunged 
from the second-floor window of a 
Bilbao police station in an appar- 
ent attempt to escape; died Sunday 
after two days in a coma, a hospital 
spokeswoman said. 


abler Galparsoro 
and suspected member of ETA or 
Basque Homeland and liberty, to 
die in police custody in three days. 
Miren Gurutze died Friday on the 
way from prison to a Madrid hospi- 
tal after complaining of chest 
pains. A postmortem found that 
die had suffered & heart attack. 


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Her death apd Mr. Galparsoro's 
fall caused widespread distur- 
bances in the northern Basque re- 
gion and adjoining Navarre region 
over the weekend, with railroad 
Lines cut and a number of cars and 
buses set on fire. 

On Sunday, hundreds of demon- 
strators look to the streets of Bil- 
bao, setting up barricades in the 
center of the city. There were other 
protests, in San Sebastian and 
Pamplona, with sporadic dashes 
reported between the police and 
marchers. 

The government ordered an in- 
quiry into the deaths, and Interior 
Minister Jos* Luis Corcuera Cues- 
ta will report to the parliament's 
Justice Committee on the situation 
Tuesday. 


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Tehran Is Eager 
For Alliance With 
China and India 

Sew York Times Service 

TEHRAN — Facing political 
isolation and a wave of diplomatic 
pressure over its denunciation of 
the Israeli- Palestinian accord. Iran 
has proclaimed that it is seeking a 
strategic alliance with China and 
India. 

“One of Iran's most natural part- 
ners is India, and given our situa- 
tion with the United States and 
some Western countries, China is 
another suitable partner,” Presi- 
dent Hasbemi Rafsanjani of Iran 
said in an interview published in 
the Hindustan Tunes, as Indian 
daily. 

“We have tested their honesty.” 
he said. “If we work together, we 
can have the last word on interna- 
tional issues.” 

Although Iran may emerge one 
day as an import market for nucle- 
ar technology and textiles from 
Asia, analysts said Tehran’s over- 
tures seemed to be a bargaining 
chip to improve its chances of nor- 
malizing relations with the West. 

Qtina’s view of Iran’s. Islamic 
fundamentalist politics appears to 
be one of distnisL 


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■ Cigarettes and alcohol. 

This section coincides with the Tax Roe Wodd 
Exhibition in Cannes, October 25-29. 

For advertising information, pfease contact 
Juanita Caspari in Paris at (33- 1)46379376. 

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Germany 
Is Urged to 
Press Iran 
On Mideast 


By Brandon Mitchener 

Imenummat Htraid Tribune 

FRANKFURT — Germany, 
which usually watches Middle East 
politics from afar, is wrestling with 
growing demands that it become a 
more active player by using its eco- 
nomic influence with Iran to rein- 
force the peace agreement between 
Israel and the Palestine Liberation 
Organization. 

Like all wealthy nations, Germa- 
ny is expected to offer economic 
and devdopmoit aid to the two 
proposed semi-autonomous Pales- 
tinian enclaves in Jericho and the 
Gaza Strip. 

“Germany could do a lot for the 
Arab world," said Abdnllah 
Frangj, the PLO representative in 
Brain. “Germany has helped Israel 
a lot since its creation and it’s now 
obligated to balance that aid by 
helping the Palestinians and Isra- 
el’s neaghbon." 

“Germany is responsible for 
peace in Europe, ana peace in Eu- 
rope is impossible without peace in 
the Mideasi,” he said. 

As the largest trading partner of 
Iran, a volatile element of the re- 
gion’s politics that opposes the 
peace accord, however. Germany 
bears a special responsibility to be- 
come a more active intermediary, 
government officials in the region 
say. 

For years. Germany bas been 
Iran’s largest trading partner and 
oueof its largest creditors, followed 
by Japan. Italy and the United 
States. German exports to Iran last 
year totaled a record 8 bflhoa 
Deutsche marks (15 billion), up 
from 6.7 billion marks a year earli- 
er. This year Germany's trade with 
Iran is expected to fat! as much as 


WORLD BRIEFS 


UN Sanctions on UNUA Take Effect 

LUANDA. KHlw UNITA nfbei raovowm m 
on the sale of fuel ^ end to the civil war ia Angok 

Sunday m an attempt ^ ‘ ^ bv the Security Council on 

The UN sanctions, ^ down the forces of 

Sept. 15- They were imposed^ £ lafcpendence of Angola. 

Jonas Savimbis National U won territory, 

which has captured almost willbc necessary to cramnw 

toward peace is not made by No\. 1. 

Righ tists Held in London’s East End 

LONDON (Reuters) -The j*ti« said Sunday that l he>' tod 

g 

itMW .. ^ target, 
™. hand to nrevent supporters of the 

National 



60 


because the 


percent 

world price for crude oil, windi 
accounts for 80 percent of Iran’s 
hard currency income, has left the 
country in a cash crunch. 

German batiks, meanwhile, 
helped Iran immensely this spring 
by deferring payment on more than 
I billion marks in outstanding 
loans, mostly trade financing. 

Some governments say Germany 
should take advantage of its posi- 
tion of strength and Iran’s current 
economic weakness to pressure the 
Islamic republic into signing a 
peace accord with Israel, or at least 
discontinuing support to funda- 
mentalists that oppose the peace 
accord. 

“A two-month economic boycott 
would solve the problem," Moham- 
med Bassiouni, Egypt’s ambassa- 
dor to Israel was quoted as saying 
in Stem, a German newsweekly. 

Germany does not rule out par- 
ticipation m a boycott if it were 
imposed by the UN Security Coun- 
cil, but fust intends to see what 
results verbal pressure brings. 
Brain sources said. 

Foreign Minister Klaus Kinkd, 
in a speech to the Bundestag, or 
parliament, on Thursday, said, 
“Those forces that stoke tensions 
and resort to fighting and terror to 
prevent the peaceful coexistence of 
Jews. Arabs and Christians must 
not be allowed to succeed.” He also 
asked Iran to be “constructive” in 
its approach to Mideast peace, he 
said. 

In another sign that Germany is 
serious about using its influence. 
Chancellor Helmut Kohl on 
Wednesday telephoned President 
Hashemi Rafsanjani of Iran to dis- 
cuss personally prospects for bilat- 
eral relations ami relate Germany's 
position on peace. 

Such contacts are rare for Iran, 
which has been isolated from the 
West since the 1979 Islamic Revo- 
lution. 

Officials declined to specify the 
content of the two exchanges, but 
an Economics Ministry source said 
Germany had told Iran, in effect. 


Tension in the areahas been high since the National 
council scat earlier this month on a manifesto that advocated expelling 

immigrants. 

Conservatives Back Kohl Protege 

BONN (Reuters) — Conservatives rallied behind Chancellor Helmut 
Kohl's presidential candidate. Steffen Heitmann, on Sunday, asserting 
that a ^repulsive" campaign was being mourned over his views on 
Germany’s Nazi past and the role of foragners. . 

Mr. Heitmann has called for Germany to put aside its Nazi past, 
sumested that career women should raise children instead of working and 
voiced fears that there were too many foreigners in Germany. His views 
have drawn sharp attacks from his political opponents. . f 

Wolfgang SchSuble. parliamentary leader or Mr. Konrs Utnstian^ 
Dem ocrats, accused the critics of mounting a “nasty and repulsive 
campaign" against Mr. Heitmann. one erf the candidates to replace 
President Richard von Weszsdcker when he steps down in May. 

Pan Am Suspects Offer to Stand Trial 

TUNIS (Reuters) —The two Libyan agents suspected of ihe Lockerbie 
airliner bombing are willing to stand inal in Switzerland, their Libyan 
lawyer said Sunday. 

The United States and Britain in November 1991 issued arrest war- 
rants for Basset Ali Mcgrahi and Lamen Khalifa Fhimah on charges of 
planting the bomb that blew up Fan Am Flight 103 over Lockerbie, 
Scotland, and killed 270 people in December 1988. 

The two men cannot expect a fair trial in the United States and Britain, 
the lawyer, Ibrahim LegwdL said, apparently ruling out their extradition 
to these countries before an Oct 1 deadline for increased United Nations 
sanctions on Libya. “But there is nothing to prevent such a fur trial in 
Switzerland," be said in a telephone interview. He said be had informed £ 
the Swiss, British and U.S. governments. 

Indian Leader Is a First for Bolivia 

LA PAZ (Reuters) - The Aymara Indian intellectual and educator 
Victor Hugp Cirdenas became the first Indian head of government in 
Bolivia since the Spanish conquest when he took,pver as acting president 
on Sunday. 

President Goozalo SAnchez de Lozada handed over power to Mr. 
Cirdenas, the country’s vice president, in a simple ceremony at Santa 
Cruz airport in centra! Bolivia. Mr. Cardenas, 41. will be acting president 
during a seven-day official visit by Mr. Sfochezde Lozada to Washington 
and New York. 


in the Mideast and would like to 
see than cooperate.” The source 
spoke on condition of anonymity. 

Asked to comment on the con- 
tacts. a spokesman for the Iranian 
Embassy in Germany reiterated its 
hard-line position against Israel: 
“They occupied the territories and 
have to give them back.” 

Despite such assertions, Germa- 
ny is convinced of Mr. Rafsanjaxn’s 
desire to carry on with economic 
changes and mend Iran’s ties with 
the West. 

“Pan of the Iranian government 
itself is seeking reconciliation with 
the West and will discourage any 
radical role,” the German Econom- 
ics Ministry official said. 

Germany is eager to see Iran 
succeed, with a gross domestic 
product of 542.6 billion and a fast- 
growing population of 60 million, 
Iran is one of the most lucrative 
markets in the Middle East, espe- 
cially for large-scale construction 
and dvil engineering projects in 
which German companies are 
strong. 

Tbe German dectro-industrial 
giant Semens AG, for example; 
has received orders fra several pow- 
er plants in Iran and this week won 
a 6 million Deutsche mark contract 
to supply software technology to 
the state-owned telecommunica- 
tions company. 

Earlier this year, the Economics 
Ministry argued against suspend- 
ing German trade relations with 
Iran despite payments problems. 
Iranians nave little sympathy for 
foreign partners who desert them 
when the going gets tough, it ar- 
gued. more or las, concluding a 
position paper by saying that the 
medium- tolong-tcnn economic 
potential for Iran was “significant” 
and should not be ignored. 


For the Record 

A typhoon, designated Doc, petered out on Sunday to become a severe 
tropical storm, the Royal Observatory said in Hong Kong. The storm 
caused little damagein the British colon ydespiie >30 kilometer (80 mile) 
on hour winds and drenching rains. (Reuters) 

Tami Tiger rebels shot and idfed two airmen and wounded four on 
Sunday after ambushing a patrol in the eastern Trincomalce district, the 
military said in Colombo, Sri Lanka. The air force patrol retaliated and 
forccdtbe Tigers to withdraw, the military said. (AF) 

TRAVEL UPDATE 

6 Die in Storms in Western Europe 

GRENOBLE, France (Reuter) — Autumn storms lashed Wesierrfw 
Europe over the weekend, killing at least six people. Rivers destroyed 
streets, bridges and railways in Italy. France and Switzerland. 

Four people were killed in northwestern Italy when the Dora Baltea 
River, swollen by several days of rain, burst its banks. Among the victims 
were a couple who drowned when their car was swept away. 

A torrent of water that roared through the center of the Swiss town of 
Sion killed a 45-year-old woman and buried streets under tons of sludge. 
A 65-year-old Swiss hiker was killed in a mudslide caused by pelting rain 
in the French Alps. His body was found by rescue workers alerted by a 
hotel manager in the village erf Lans-le-Vdiard. 

Pakistan wifi ban tamting of the rare houbara bustard next year, 
although special permits will be issued temporarily to a few of the Gulf 
Arab princes who stalk the bird in Pakistan's deserts, the Foreign 
Ministry raid in Islamabad on Sunday. The government also banned the 
export of falcons. (Reuters) 

Him Week’s Holidays 

_ Banking and government offices wfl] be dosed or services curtailed in 
the following countries and their dependencies this week because of j 
national and religious holidays: % 

MONDAY: Belgium. Ethiopia. 

TUESDAY: Taiwan. 

THURSDAY: Botswana. India, Israel, Sri Lanka. Taiwan. 

FRIDAY: Botswana. Burma. China. Cyprus, Hoag Kong. Nigeria. Taiwan. 
SATURDAY: China. Guinea, India. 

Sources: J.p. Morgan, Reuters. 


S in ' Biosphere 2? Creu> 
Exit Their SmaU World 

The Aaoeuued Press 

ORACLE, Arizona — Four men and four wn*wn mu, l l u.i 

^,.^y said 

The crew included a physician. Dr Roy Walfw^ nnw 
age from 29 to 69. All £ 
posable romances or mguraentsthai Sit have 
they were sealed in the structure 35 mttes (55 SifSlfi* 06 *1 
Tucson on Sqn, 26, 1991. 33 ialometers ) "onl 


— as sweet potatoes, t 
ST* 0ocas,onaII y had an egg. dti 

Operators of the S!50 million orivatt - 

Swesft&SKT 

depending forthe ^ acent 
on kidney beam and 


ase 

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INTERNATIONAL HERALD TRIBUNE, MONDAY, SEPTEMBER 27, 1993 


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H’» Mica tor— I Wanted. huL.. ~ 

.^'f H1NC ’7PN — After months of being dis- 

t5 0 ^“ aUy House RtmiWi- 

cons may be dose to getting their day in the <nm 

the North American Free Trade Agreement pre- 
sent the House mmonty a rare opportunity to help 
shape policy. Both measures wSfneed KrisaS 
support for passage. ^ 

With the trade agreement, the White House is 

SS'Si.” 0 ” 81 * P “ h ya 10 House 

. l *P lin f\f re ^hx>ming now and Flower- 

, ■“« Howard Paster, White House director of 
^isla&ve affairs^ speaking of relations with House 

^ U S^r nw candor “ We’ve signaled 
a hundred different ways that we don't iniendto be 

a partisan administration ot things we can work 
together on. 

But Republicans say there is widespread cyni- 
cs* 11 in their ranks about the administration's new 
® fort, including its overtures concerning health 
care reform. 

Representative Nancy L Johnson of Connecti- 
cuL one of the Republican health care specialists in 
Congress, has met regularly with administration 
officials on President Bill Clinton’s health care 
package. While she praised the “quality of the 
discussions,” she added, “If the discussion is never 
gang to end in, ‘O.IC, weT take that point of 
view, that’s dialogue all right, but it’s a monologue 
when it comes to the dedaon-making. " (WP) 

High Praise From Australia 


CANBERRA — - Prime Minister Paul 

said Sunday that the world was lucky that 
. Clinton was president of the United States and 
that he would invite him to Australia when the two 
meet at a November trade meeting. 

Mr. Keating, speaking on his return from a trip 
to the United States, Britain, Ireland, France and 
Monaco, praised Mr. Clinton’s marriage of inter- 
national and domestic policy. 

“1 think Americans have fallen on their feet with 
Bill Ointon,” Mr. Keating said. “I think he’s a 
young, fresh, altruistic, en g agin g person.” 

“He’s the genuine article.*' Mr. Keating said. 


and I thmk that we are very lucky that the United 
States^ bang led by someone who comprehends 
ttese big problems and tries to many the big 
international responobiliiks of the United State 
and the domestic agenda of growth and jobs." 

(Reuters) 

K Homln— Is Butted Ovr P»Uy 

WASHINGTON — Stanley Tate, the Clinton 
administration's nominee to head the agency in 
charge of cleaning up faded savings and loans, has 
waiting since July for a Senate vole on his 
nomination. He complains bitterly ihal the delay is 
prolonging management problems at the agency. 

But senatorc are insisting that the management 
problems be fixed before the nomination goes 
forward, creating a standoff between the nominee 
and the committee that must confirm him. 

Senator Donald W. Riegle Jr ? the committee's 
chairman, made it dear at a hearing Thursday that 
he wanted allegations of mismanagement ad- 
dressed in detau before approving Mr. Tate, a 
Republican developer from Florida, to head the 
Resolution Trust Corp- 

“1 don’t intend to cod _ _ 
who he is, until we have a plan 
going on," said Mr. Riegle, a Michigan Democrat. 
It appears that there will be no hearings on the 
nomination for several weeks. 

Mr. Tate expressed deep concerns over the de- 
lay. His comments were especially unusual because 
politi cal appointees typically show deference to- 
ward committee chairmen, who wield great power 
over the confirmation process. 

"The pasture of Senator Riegle would not be in 
concert with what I would think are good b usiness 
processes.” Mr. Tate said. “When you’re sick, you 
don't say, Tm not going to go to the doctor until 1 
find out what is wrong with me.' " (NYT) 

Quote /Unquote . 

Senator Robert C. Byrd, Democrat of West 
Virginia, urging President BUI Clinton to withdraw 
UJ5. troops from Somalia: “Without a legitimate 
purpose we will be drawn further into tins quag- 
mire, with a very real prospect for the continued 
loss of American lives." (Reuters) 


don't intend to confirm anybody, I don’t care 
here to stop what’s 


Health Plan Corollary: More May Retire Early 


By Albert B. Crenshaw 
and Frank Swoboda 

WixJua%ton Pat Service 


WASHINGTON — The“i 
the American industrial work force 
dramatically accelerated by President Bin 
Clinton's health-care plan because it pro- 
poses to shift from corporations to govern- 
ment the cost of health care for people who 
take early retirement. 

That proposal would also reverse more 
than 15 years of federal retirement policy 
under which workers have been encouraged 
to avoid early retirement and 1o stay on the 
job after the traditional retirement age of 65. 

The Clinton plan would require all compa- 
nies to pay 80 percent of the cost of a 

minimum package of heal lb-care benefits Tor 
their employees, and many companies now 
also pay a significant, portion of the health- 
care costs of those who retire before age 65. 


But they would be relieved of that cost 
under the Clinton plan, because if an em- 
ployee takes early retirement the government 
would pick up SO percent of the cost of 
health-care coverage. 

"The way to look at this is that the govem- 


and future retirees into" the new health-care 
system “could produce dramatic expense re- 
ductions,” the consultants Towers Perrin 
predicted in a recent bulletin to clients. 

The administration expects to impose an 
as-yei-unspecified. one-time charge on corn- 
windfall for companies. 


mem is assuming the cost of every retiree names to offset any wii 
under the age of $5," said Gary Bnrtless, an .... rf - . , , . . 

economist with the Brookings Institution in Admmistration oTrinak pnvatdy *at 

the proposal was included to deal with what 
has become a major problem for employees 
who are pushed out of the work force but are 
too young to qualify for Medicare, the gov- 
ernment's insurance plan for the elderly. At 
the same time, many U5. corporations that 


Washington. If the plan is adopted, he said, 
companies would “have just been handed a 
big sum of money to encourage early retire- 
ment” 

The administration is forecasting that 
health-care benefits for early retirees would 
cost the government 54 J billion to $5 billion 
a year, although some benefits experts said 
government costs could grow sharply. Clin- 
ton advisers say they are confident they have 
estimated the costs correctly. 

As for employers, “Reducing or eliminat- 
ing retiree medical plans and moving current 


do provide health-care benefits for xhdr re- 
tirees find themse lves at a cost disadvantage 
compared to international rivals. 

Ira Magaziner, a top Clinton health-care 
adviser, told the National Association of 
Manufacturers earlier last week: “Our goal 
here is to uy to end this severe social prob- 


lem and put our companies on equal footing 
internationally.” 

Corporations and labor unions, for their 
part, are delighted with the proposal but 
several executives said they thought it had 
been included primarily as a sweetener to big 
companies, and they doubted that it would 
become law. 

Some economists worry that the proposal 
would accelerate another trend in the econo- 
my: the division of the labor force into two 
groups, higher paid and lower paid, with 
fewer and fewer people m the middle. 

“It’s pushing the country more into d bi- 
furcation of the economy,” said Richard 
Selous, chief economist for the National 
Planning Association, a labor management 
research group here. 

Even without the health program, compa- 
nies profitable and unprofitable have been 
shedding workers to increase productivity 
and profits. 


Clinton Is Sent to the Rescue of New York’s Mayor 


By Richard L. Berke 

ftew York Tuna Serrnx 

Washington — The white 

House and the national Democrat- 
ic Party, increasingly worried 
about Mayor David Dinkins's 
prospects for re-denion in New 
York, have organized a series (rf 
efforts to help his campaign, 
capped by a visit from President 
Bill Clinton on Sunday to raise a 
million dollars. 

A presidential appearance to 
raise money in a mayoral race, even 
one as important as New York's, is 
unusual enough. Bnl the While 
House is not stopping there — it is 
dispatching Vice President A1 Gore 
and several cabinet members to the 
dry to campaign for Mr. Dinkins 
and sending money to help the 
state party get people to the polls. 


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NO REST FOR THE SODDEN — Neighbors helping sandbag Ran Spritzer's rented residence near Arnold, Missouri, as heavy 
rain brought new flootfing to several tributaries of the Mississippi River. Mr. Springer lost Ks own home in die Booting m Jrfy. 

AMERICAN 


TOPICS 


Massachusetts College Class 
Meets on a Commuter Train 

If students are late to the new “Principles 
of Management" course offered by Dean 
Junior College of Franklin. Massachusetts, 
they will not only miss the dass. they will 
miss the train. 

The dass is held in the last car of a 7:4? 
AM. commuter train traveling from Frank- 
lin to Boston, a distance of 25 miles (40 
kilometers). Tuition for the three-credit 
course is $330. 

One day last week, as other sleepy com- 
muters trudged on board with their coffee, 
newspapers, paperbacks and radios with 
headphones, 11 students stepped into Lar 
362 with their “Contemporary Management 
textbooks, pens and notebooks ready. A lain 
got on at the next stop. Since the car has no 
blackboards, the teacher of “Principles of 
Management," Robert Anzenberger, set up 

an easel. , , - 

The students work toward degrees wane 
traveling to their jobs in Boston. I get out 


too late atnight to make. the night classes," 
Charlene McKenney-Souza, 24, told The 
New York Tunes. “Now I can commute, take 
classes and still work.” 

John J. Haley Jr, general manager of the 
Massachusetts Bay Transportation Author-' 
ity, said, “I would love to see someone com- 
plete a degree entirely on the MBTA system, 
provided that they didn’t complete it on a 
series of long tram delays.” 


About People 


Donald W. Pitts, 65, retires this month as a 
UjS. magistrate in Yosemite National Park in 
California. His jurisdiction was the park's 
1,100 square miles (2,800 square kilometers). 
He tried only such misdemeanors as littering, 
playing radios too loud or stealing wood. 
Felony cases went to Fresno, 100 miles away. 
Judge Pitts says he has been hardest on peo- 
ple who feed bears. He would fine them the 
ma ximum S70, plus a lecture. He tdd offend- 
ers that when bears become accustomed to 
campers' food, they begin to frequent camp- 
sites and become aggresrive and dangerous. 

Dana Allgood of Stephen viBe, Texas, 
found that she and her 4-year-old daughter 
were sharing her car with a snake, who had 
crawled onto her leg. Stopping was not easy 
because she had curled her legs into the seal 


to gel away from the reptile. Mis. Allgood, 
27. said. “My daughter was screaming, I was 
screaming,, mid I finally got the car stopped 
by putting h into a lower gear and letting it 
coast to a stop." The snake ' swished. 

Short Takes 

In these days of more and more firearms, a 
reader asked Miss Manners, the syndicated 
etiquette columnist, how to ask guests polite- 
ly to check their shooting irons, if any. at the 
door, adding that she was “most anxious to 
avoid acrimonious debate with those who 
may be heavily armed." Miss Manners (Ju- 
dith Martin) replied: “The day is probably 
not far off when people will have to install 
metal detectors on their front porches. If you 
wish to lead the way, offer to relieve your 
guests <rf whatever sets the thing off. in the 
spme hospitable tone in which you would ask 
to take their coats.” 

A new board game called Law School has 
been devised by James Charles, a Washing- 
ton attorney. Players must answer a series of 
legal questions before “graduating” with a 
job offer from a big firm. The game instruc- 
tions in rindfc the disclaimer, “Consult with an 
attorney before acting or relying on any in- 
formation contained in this game.” 

Arthur Higbee 






f - 


...,7 HC 


no 1 


Bruno Pontecorvo, a Defector to Moscow, Dies 

_ ■ n ... I _ mao re.. T _ 1 H ac _ AM 


Reuters 

ROME —The Italian-born nuclear scientist 
tatawna who defected 
1950, has ded at his ho®e near the Russian 

capital. . . 

Mr. Pontecorvo. 80. died of 
Dubna, outside Moscow, where he bad operat- 
ed a phvsics laboratory for the past 43 years, 
Italian newspapers and television said. 
Mystery surrounded Mr. Pontecorvo sdefec- 


tion to Moscow. A British citizen since 1948, 
Mr. Pontecorvo was working at the Atomic 
•Energy Research Establishment at Harwell, 
near Oxford. England, when he disappeared 
during a vacation in Italy in 1950. 

After years of speculation. Mr. Pontecorvo 
surfaced in Moscow in 1955 when he said at a 
news conference that he had embraced the East. 
He insisted that be had worked only on the 
peaceful uses of atomic energy. He joined the 
Communist Party that same year. 


Sir John Moores, 97, 

Founder of Littlewoods 

LIVERPOOL. England (Reuters) — Sir 
John Moores, who founded the Littlewoods 
football pools and retailing empire in 1924, has 
died at 97. 

The chief executive of Littlewoods, Barry 
Dale; said Mr. Moores, who lived in Formby in 
northern England, died in his sleep Saturday 
night. 


The reasons are both narrowly 
tactical and more broadly strategic. 
Although the New York mayoral 
race, with its many local issues, is 
far from a referendum on national 
Democratic urban policy, the 
Democrats are concerned that their 
troubles are spreading and that a 
Dinkins loss would only make it 
harder to rescue Ibeir image as the 
voice of the inner cities. 

The Democratic Party was 
stunned by the election last spring 
of Richard J. Riordan as Los Ange- 
les’s first Republican mayor in 36 
years, and party officials feared 
that h had sprung from a percep- 
tion that the party had nothing to 
offer to solve inner-city problems 
like racism and poverty. 

Democrats in Washington are 
even more nervous that the election 
of a Republican mayor in a Demo- 
cratic stronghold like New York 
would complicate Mr. Clinton’s re- 
election campaign in three years. 
“We'd raiher be running in ’96 with 
a Democratic mayor than a Repub- 
lican mayor.” said the White House 
political director. Joan N. Baggett. 

The efforts on behalf of Mr. 
D inkin s address immediate politi- 
cal concerns but do nothing about 
the broader issue of devising con- 
crete answers to the dues* prob- 
lems. Nor do they provide what he 
would probably find most benefi- 
cial: federal money that he has lob- 
bied for but never received as the 
Clinton administration put other 
priorities ahead of nrban aid. 

Mr. Clin ton’s visit comes at a 
crucial moment for the mayor's 
campaign coffers as Rudolph Giu- 
liani, Lbe Republican -Liberal can- 
didate; has outpaced the mayor by 
better than 2 to 1 in fond raising in 
recent weeks. 

“There’s a k»t riding on it,” said 
David Wilhelm, chairman of the 
Democratic National Committee. 
“We’re going to do whatever we 
can to bdp win what promises to be 
a very close race." 

Where the Democrats see dan- 
ger. the Republicans see political 
opportunity. Because the New 
York campaign is so tightly con- 
tested and baansc there are few 
other elections of national interest 
this year, the Republican Party is 
also giving the race unusual atten- 
tion. sending party leaders to 
stump for Mr. Giuliani. 

White House officials said Mr. 
Clinton’s decision to appear with 
Mr. Dinkins showed the depth of 
his commitment in the face of polls 
that suggest a difficult race for Mr. 
Dinkins. The officials sakl it was 
decided that the potential payoff to 
the mayor and to the party out- 
weighed the risks of Mr. Clinton's 
alienating the white ethnic Demo- 
crats who do not support Mr. 
Dinkins, as well as the embarrass- 
ment if the mayor lost 

By contrast, only after much in- 
ternal debate did Mr. Clinton ap- 
pear briefly at a news conference in 
Los Angeles last spring with Mi- 
chael Woo. the Democrat who ran 
against Mr. Riordan in what was 
officially a nonpartisan race. 

One reason Mr. Clinton did not 
gjve more than a lukewarm en- 
dorsement was that some of his top 
advisers were friends of Mr. Rior- 
dan's. Both Mi. Clinton and sever- 
al of his aides have closer ties to 
Mi. Dinkins. 

Presidents hardly ever deliver lo- 
cal elections, and most New York- 
ers are certain to base their votes on 
their views of Mr. Dinkins’s perfor- 
mance in office, something much 
closer and more tangible than a 
visit from Washington. 

But as the Dinkins campaign is 
straggling to keep Democrats from 

defecting to Mr. Giuliani, the presi- 
dent’s support could make a differ- 
ence by dramatizing the mayor’s 
ties to the White House. 

“1 think the connection between 
a Democratic mayor and a Demo- 
cratic president is a very persuasive 


argument to vote Tor David Dink- 
ins,” said Harold M. I ekes, a New 
York lawyer who is a close adviser 
both to Mi. Clinton and to Mi. 
Dinkins. “The fact that the presi- 
dent is committed to helping the 


mayor sends a strong message to 
New Yorkers that there will contin- 
ue to be a good working relation- 
ship between Washington and New 
York City." 

On a larger scale, however, Mr. 


Ctinton lacks the traditional ability 
of some past presidents to woo vot- 
ers by tunneling government re- 
sources to the city or some other 
favored constituency because of 
the tight budget in Washington . 


Away From Politics 


• Three men opened fire on a crowd at a football game in the District 
of Columbia, killing a man and critically injuring a 4-year-old girl, 
the police said. The shooting at an elementary school was one of four 
within a four-hour period and within several "blocks of each other. In 
all. three men were killed. Another girl. 12, also was wounded. 

■ A riim y tit nwmdlawglrtpr m Hi* Amfhs of afar fflpgnt immigrants has 

been lodged against a man who prosecutors said owned the freighter 
Golden Venture, which ran aground off New York City on June 6. 
Six Chinese immigrants drowned after jumping off the ship. Kin Sin 
Lee. 24, of Guangzhou, was charged with second-degree manslaugh- 
ter and criminally negligent homicide. 

• A boy, 16, who daimed his father was away on a family emergency 
was arrested after detectives dug up the bodies of the missing man 
and his girlfriend outside Woodbridge. New York. 

• A man Mm once threatened to kiB George Bush has been charged 
with murder in Indiana. John Lance Loran, 25. had been taken into 
custody for carrying a weapon without a permit. He daimed to have 
killed a man along the Ohio River and led police to the body or a 
man who had been shot- A records check found that be had 
threatened President Bush's life in a letter in 1 991. He completed one 
year of a five-year sentence before being released cm probation. 

AP 


The Business 
Of Elegance 



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Page 4 


LNTERIVATIQ.NAL HERALD TRIBUNE, MONDAY. SEPTEMBER 27, 1993 




By Lee Hocks tader 

W'lilfcr. Ion PartScntHY 

• MOSCOV — With separatist re- 
bels light<-;. . their stranglehold 
around L XMcged Black Sea port 
Jut Sukhumi. President Eduard A. 
'Shevardnadze i Georgia remained 
.in the city on Sunday despite the 
•desperate pleas of his aides that he 
:leave for his own safety. 

) {Abkhazian rebels attacking Su- 
.khumi have surrounded the resi- 
■dence of Mr, Shevardnadze: the 
Itar-Tass news agency reported 


levardnadze to Quit Sukhumi 


Sunday, according to Ageacc against ihe better-armed and bet- 
France-Prcssc. > alli..: t 


F m^? ,SSe ' I ler-equipped Abkhazian rebels, er from^^ShevaninacS^raf^i 

„K C d G “ ,S T SOV 'T ™ 1 “ 1 ■“ who haie advanced to position* no ™lds 
iuted Russian forces Jo evacuate within several kilometers of Mr. (“The most inmortant thin, for 
the prudent, whose “life vras m Shevarduadze’s headquarters. 

danger, the news agency sattL] [Zvjad t G "S. hllrdia . a* pie." S^ShL” 

With the raty 5 communications ousted president, meanwhile called day in a telephone interview from 
with the outside world virtually cut a truce in his political battle with his stronghold of Zuadidi in the 
off. it was impossible to get first- Mr. Shevardnadze and said his per- west of the country, where he re- 
hand reports on the latest fighting, serial militia was committed to the turned from exile on Friday I 
Bu i the available mfonnauon sug- fight to keep Abkhazia in Gangia. Aj des Mr. Shevantaadl 65. 


* — — ••“•e ouu mv peo- 

[Zviad K. Gamsakburdia. the pie." Mr. Gamsakhurdia said Sun- 
ousted president, meanwhile called day in a telephone interview from 


turkey 




NWaCHEWN 

iAZBmum- 


’ --o ■ iv i wh 

:ed that chances were dwindling Reuters reported. 


Aides to Mr. Shevardnadze, (55, 
were scrambling to find a way to 


IRAN AM GQfflW> 
t KAHABAKH 


that the Georgian forces defending fHe said that Mr. Shevardnadze evacua^rir boss! SunL^ilS 
the city could hold out much longer should resign and hand back pow- 


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Bin ihe former Soviet foreign ram- _ ' \ 

ister was reported to be refusing all *» _ „ Mwa fa* LvlfaT. _ > 

such entreaties. *■ 

"The situation is hard," Mr. She- 

vanlnad2c said in a message read AfMENiA^AZEfeAUAA 

for him over national television turkey , S 

from his bunker in Sukhumi. “We nakhichevan ' 

have received extra force but they PZEmwm h* V{ 
are not enough." \^n^go««> 

The Russian news agency Inter- - ^ karaba kh_ 

fax reported that about 6,000 rest- Zap^us >«ok>ci^^ r- — ■ 

dents of Sukhumi were also waiting hussia - 

to be evacuated. On Saturday five : r ' - 

ships from Russia’s Black Sea fleet / KA2AKHST * W 

evacuated 3300 civ ilian* from the “ / uzbexbtam ^ 

city, and they arrived safely Sun- fN_ J . kytoyzswnJ 

day at the ports of Poti in western 
Grargia and Sochi in Russia. : ' — «-^v 

Diplomatic sources said there 

were signs on Sunday that talks S IBAW Japoww ,/ 1 

may be laking place between Gear- ■ Tirx»wite 

^dcpcudcufS^Um.cccmon, 
confirmed. ic and security group dominated by 


I] U.S. to Delay Reply 
If China Has N-Test 


. 1-rt 


i r* 


By R. Jeffrey Smith 

ItasAogfm PmrStnicc 

WASHINGTON —Senior Clin- 


July to respond to any nuclear hku 
by promptly seeking wngressitHul 
approval for new' l' j. nuclear tests. 
Instead, ihe ofTidals agreed tlui 


.. im instead, me aiknus agreed uui 
ion adnumslration official tore ^ Dqanmm, of Ehcigy »ould 
jpeed not to iry to raimeUA ^ (v | imjla j prepjnuon, f„ 
nuclear teas umnediaieiy rf China ^ ^ cwlsu | la . 

~ aisisSLSSSr s- «<?»**» - *** * 


” cni( bons are conoucreu on i apiioi hui 

White House, instead decided to * ources - - - - 
consult with Congress on the best 


Gcneml Colin L PiiwelL chair- 
man of the Joint Chiefs of Staff. 


~~ — V “ •zITS^rZZOJi j; n man ot the Jrtnt vnios m stall . 
course of action for responding o ^ kui week that he did 

any Chinese nuclear test, e ni3l WJ m to sav wheiher the United 

OVinWC Ullfl _ . *.au a »•. 


States should react with additional 


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Georgia and Sochi in Russia. ttSEK- sources said, ££*££ hxxvi&t aSliS 

Diplomatic sources said there U.S- intelligence agrades recent- tests *^1 m C ^ wficr# 

were signs on Sunday that talks [UVN ^ jraww.y 1 Q ly predicted tb« • su^ a tea was rhinn docs test and what' 

maybetakmg plaM between Geor- ■ T ^ >ewY "‘ T, " tQ iramineot, and the State Depart- S might think about it or wS 

KSn^SEK— ^r i0Bs ^ *° tok 

Mz rSM’tK?'’ 3 ' SStH^afSklS Adminislralion off icials who op. 

In Tbilisi. Mr. Shevardnadze's In the past, Georgia has ruled nol contimiinz to make P 02 * 3 resumption of nuclear tests 

cabinet met for hours on S unday t o out any participation in the group, preparations for a have atgued that any Chinese test 

discuss the possibility of Georgia's believing that Russia is the hidden P ndna conducted the world’s would have liitic or no consequence 

taking part in the Commonwealth hand behind the war in Abkhazia. nS for UJ5. securire. partly becau>e 

— test one year ago Saturday. Presi- China has conduacd just 38 nude- 

dent Bill Clinton, who in July an- w,lJl ,esls 

T)T TO OT A b - nAnnrwl e miilomp mAMtnniim nn bV dlC UlUtCd St3lCS. 


confirmed. 

In Tbilia, Mr. Shevardnadze's 


ic and security gro 
Russia, sources to! 


AUTOS TAX FREE Cmluuad fh» Page 1 

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roxirted between deputies led by ^ verture l ” replete with cannon fire 
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chairman of the Congress, and American musicians of the Nation- 

T\a«iik> * k i: n • ■ < ill Svmnlmnv iL^ 


^noKnraj. Mr. anaKnrau ine prea- ^ UAiC « Russia s most ceie- w-ct „ 

dent’s chief legal adviser, then /S' grated dissident-exiles. Mstislav 
to Sl Petersburg for the assembly Rostropovich. 


ACCESS W LYONS 
. , Tot JJ6] 78 A3 67 77 
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WQBpwo£.Sp«d cteportOTQiih. While politicians maneuvered “ national referendum. T 1 %m V M ^ 

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to Sl Petersburg for the assembly 
of regional councils. 

Ruslan I. KhasbuJatov, the 
chairman or the Congress, publicly 
denounced the various contacts. 


Rostropovich. 

Mr. Rostropovich was also at 
Mr. Yeltsin’s side during the Au- 
gust 1991 coup, and returned again 
last April to vote for the president 


irig to track the most dangerous of 
all armaments. 

“It’s alarming that we have this 
discrepancy, but in some ways, it 
parallels the problems we had with 


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While politicians man euvered indie national referendum, 
behind closed doors, the principles “Of course Tm here to sh< 

■ n ik. IT_. T I . * i r. Tvrn ” A- UT> 


several analysts suggest that his 
numbers should be treated cau- 
tiously until independently con- 
firmed. 

“The quantity of weapons-grade 
uranium accumulated is very 
great," Mr. Mikhailov is quoted as 
saying in a coming industry report. 
He added that Moscow's stockpile 
was larger than the combined totals 
held by the United States. China. 
France and Britain. 

Mr. Mikhailov's comments are 
to appear in the October issue of 
the Nukem Market Report, a 
monthly published bv Nukem Inc., 


trasting Sundays. 


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At the White House, a dwindling Ibat they are a great people. 
coip5 of die-hard deputies, now re- Events diaupt things a little some- 
ported at no more than 400, gath- times,_but listening to this music is 
cred in another session of their a . tmnmder that there’s a great na- 

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to Kite tarpon 15 muMj. Short/ r —a ««.u- 

{ 5 led ’ P*™*** “id darkened par- Afte- the concert, about 15,000 
an « V bwM nto hamentaiy headquarters. But they marchers organized by Democratic 
had little to do but repeal defiant **“«*». the original democratic 

pledges that they would regroup in movement, moved up Tverskaya 

another city if driven out of Mos- Street to the Moscow Council 

kiiMJ!.. r— — J . n • • 


rump legislature inside the encir- hon here." 

cled, phoneless and darkened par- After the concert, about 15,000 


discrepancy, but in some ways, it based in Stamford." Connecticut, 
parallels the problems we had with and one of the world's leading sup- ' * 
assessing Iraq," said Fred C. Ikle. pliers of nuclear hid. The compa- " 
undersecretary of defense for poli- ny. in partnership with Babcock & 
cy in the Reagan administration. Wilcox, Ls one of several in the 
“These things don’t take that West that are competing to help the 
much mace, he said. “It's conceiv- Russians dilute their bomb-grade 
able that we could have missed uranium into reactor fuel, 
them, as we did many other things Analysts believe that Moscow 
in Russia, Uke^the big fissures in could be angling for new uranium 
a S 0 B l ? j a, . sales in a bid to slow or reverse its 

Mr. Ikle added: ^ome of these slide into povertv. The American 


wit. uae aaaea. ^ome or these slide into poverty. The American 
things just ran wild, the military purchase of 500 metric tons of this 
production. It was like the soccer- material whose contractual fine 

Lmi nun#. l - , , • . 


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uons or physical force, can force us 
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_ Outside, several .thousand na- 
tionalists and communist support- 


Mr. Yeltsin also continued to 
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usuaL 

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unease about what he was doing. 

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_ j- , . . — . ° u«uou in 

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Under the czars and under the 
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by brute force: The notion of plu- 
ralism was always alien. * 


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MOSCOW: Hard-Line Fatigue 

CflBtimipH fvmn 4 C 


NETWORK EXPERT/Nlce 


FRSTNAME 

PKMANB^TADOCK&r HOdtf C 


Continued from - f ^ 

and a few Kalashnikov rifles, SSSfSiS? princip l e « i* 
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showed off an empty gun rack and a scSiidref “ 3manthanto Kve as 
said that afl weapons held in the ■ , 

SftiSi:-— ;2«a;t 
fsfaaxwaa iEAwffS’s 


“ Bghtiflg for his persona! nhnn^C £ usp «uie<i and 
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atm. zpuuucax i hen Stanislav S. Govori 


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unc. 


i Will not take a single step back 
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rS^J^^.r^isay- 
Ljr 0 . 1 ? to guys,” he said 
S* ^ c f. ab0 “ t toeir mood. 

So^*«rL d and iroftic naval 

> r m °od is great — 
« headed to the hotter^ 


IfrjhLr \JS& 




^iTr 



V 


Q 


& 








o 



“ ! l;,s y$.J a V ut Asks U s - to Be Patient 

5 Bosokama Arrives for Talks With Clinton 


l^igeS 


Roam 

N EWYO R K-- Prime Minisicr 

Monhuo Hosokawa said Sunday 
ihai he would ask President Bill 
Clinton when the two leadm meet 
Monday to rive him time for his 
economic reforms to work. 

Mr. Hosokawa's coalition of 
conservatives, centrists and social- 
ists took power in August with a 
mandate for political change and 
an economic platform based on de- 
regulation mid decentralization. 

But the new government imme- 
diately confronted economic prob- 
lems in the form of a stalled econo- 
' my, o surging yen and a bulging 
trade surplus. 

Mr. Hosokawa said after arriv- 
ing in New York that he was doing 
his best “Anyway ” he added, “the 
reforms have just begun, so Td like 
him to wait and watch.** 

The government earlier this 
month announced a $57 biHion 
package to bolster the economy. 
The Bank of Japan followed last. 




wek by easing credit entti 
official discount rate by 75 «« 
pornts to an historic low of 1.75 
percent. 

The government's package fo- 
cused mi deregulation and passing 
windfall benefits of the strong yen 
on to consumers. Economists said 
that it would help prevent Japan’s 
economy from spiraling further 
downward but mat other fiscal 
treasures, such as early inm mp m 
cots, were needed. 

Washington wants Tokyo to 
stimulate its economy to increase 
imports and help slice its trade sur- 
plus. 

Japanese businessmen, worried 

about a strong yen whose surge has 

been Largely prompted by the grow- 
ing surplus, are urging early income 
tax cuts, but the Finance Ministry 
is loath to go along out of fear of 
falling revenues and opposition to 
deficit financing. 

Mr. Hosokawa said be did not 
favor income tax cuts, and he ex- 


pressed doubts about their impact. 

“Anyway, our fiscal situation is 
tight,” he said, so early tax cuts 
“would be very difficult" 

. Mr. Hosokawa, in New York to 
address the United Nations Gener- 
al Assembly as well as meet Mr. 
Clinton, reiterated Tokyo’s opposi- 
tion to setting a numerical target to 
cut Japan’s surplus in its current 
account the broadest measure of 
trade is goods and services, as the 
United States has sought 

UiL negotiators had pressed for 
such a target to be included in a 
pact outlining a new U.S.-Japanese 
economic agenda agreed on in July, 

but Japan resisted. 

Mr. Hosokawa said the two lead- 
ers shared a common commitment 
to domestic reform. ■ 

“President Clinton is caught up 
in various major reforms, and i 
my self am caught up in various 
political economic ana administra- 
tive reforms, and in that sense we 
can mutually sympathize,'* he said. 


CAMBODIA; A United Nations Success 9 With Flaws' 


u 


• \ 


f ** n Ik 




Continued from Page 1 

the Cambodian people, and this is 
what saved the situation," Mr. 
Akashi said Sunday. 

Amid increasing Khmer Rouge 

I) attacks on die peacekeeping mis- 
sion. some civ ilians serving with it 
had favored calling off the elec- 
tions But Lieutenant General John 
Sanderson, the Australian com- 
mander of the LIN military forces 
in Cambodia, was instrumental in 
bedding the tine, arguing that can- 
celing the elections would betray 
the Cambodian people and dis- 
grace the United Nations. * 

In the end, however, the Khmer 
Rouge stopped short of taking the 
action that UN sources said would 
almost certainly have forced a can- 
cellation: systematic attacks 
against UN and international civil- 
ian election officials. 

* In assessing (he legacy of the 

* ' mission, observers print out that 

some of the most successful aspects 
of the operation were carried out 
by units staffed primarily by peo- 
ple from outside the UN bureau- 
cracy. 

The electoral component, which 
relied heavily on volunteers work- 
ing in difficult conditions for a 
fraction of the pay of career bu- 
reaucrats. performed admirably, 
UN sources said. And Radio UN- 
TAG a station set up despite initial 
objections of the UN secretary- 
general, Butros Bucros Ghati, was 
widely bailed as a huge success, 
especially in spreading the concept 
of the secret ballot and getting out 
the vote. 

As part of the overall UN opera- 


tion in Cambodia, the UN Hi gh 
Commissioner for Refugees is also 
credited with repatriating more 
than 360,000 Cambodians from 
border camps inside Thailand. 
They added to the 4.7 million 
adults — 96 percent of the eligible 
population — that die UN mission 
registered to vote. 

More difficult to measure, how- 
ever, is what may turn out to be 
mission’s greatest legacy: the im- 
plantation of a democratic spirit in 
Cambodia. In place of the repres- 
sive rerime that greeted it, the mis- 
sion leaves behind an elected legis- 
lature and a government beaded by 
the former opposition. 

Apparatchiks of the fanner Viet- 
namese-installed government still 
dominate the police; military and 
provincial administrations, but 
their grip has been loosened. A free 
press is flourishing. 

“When UNTAC arrived, there 
wasn't any opposition political par- 
ty that could show its face in the 
country." a UN official said. “Now 
than is a feeling that things can 
never go back to the way they 
were." 

Criticism of the mission has fo- 
cused on its cost, dm ineptitude of 
some of its officials and the misbe- 
havior of several of its personnel, 
notably civilian policemen and cer- 
tain military contingents. 

Thousands of UN vehicles con- 
tributed to an image of waste. They 
included four-wheel-drive jeeps 
and trucks that never left the envi- 
rons of Phnom Penh and could 
often be seen parked in front of 
resianranLv bare and brothels.; 


The United Nations purchased 
nearly $80 million worth of vehicles 
of all types for its Cambodian oper- 
ations, including hundreds of mo- 
torcycles and minibuses that were 
never used. 

It also paid more than $95 mo- 
tion for prefabricated bufidmgs, 
many of which proved superfluous. 

Although its performance has 
been widely praised. Radio UN- 

last week, 

for hs $4.4 miDi cm pricetag. Ac- 
cording to officials, excessive prices 
were paid for everything from tape 
recorders to relay stations, and die 
UN mission wound up with studios 
more sophisticated than those at 
the BBC in London. The studios 
cannot be maintained without ex- 
patriate engineers. 

At the departure ceremony for 
Mr. Akashi, the two new Cambodi- 
an prime ministers. Prince Noro- 
dom Ranariddh and Hun Sen, 
turned oat to see him off along with 
dozens of legislators and officials 
of the UN mission who Mil remain 
behind to wind tip the operation. 
Contingents of UN troops paraded 
on the tarmac with the v national 
flags as a Cambodian military band 
played marching songs. 

In a tarmac speech, Mr. Akashi 
said his sense of satisfaction was 
mitigated by the loss of tife during 
the UN missi on- At least 21 of its 
members were killed in hostile ac- 
tion and 46 died of other causes. 

He also expressed concerned 
over what he described as a “con- 
tinuing lack of security" in the 
captizy. ... ... 





% Rohm McLaren 


DcnOio.'Inim 


in Hong Kong after fcriks with Chinese negotiators. 


Hong Kong Talks: 

? Substantial Gap’ 

Reuters 

BEUING — A substantial gap exists between China and Britain 
in the 12th round or talks over Hong Kong's political structure, the 
head of the British negotiating team said Sunday. 

Ambassador Robin McLaren spoke after the fust of two days of 
talks with the Beijing ride led by the Chinese vice foreign minister, 
Jiang Enghn- The round is the last before a meeting next month at 
the United Nations between the foreign ministers of the two coun- 
tries. 

There is a substantial gap between the two sides," Mr. McLaren 
said, but did not give specifics of the talks. 

Speaking with reporters just before the morning talks began, Mr. 
Jiang said the key to reaching agreement was action by the two sides. 
“IT an agreement cannot be reached, there will be no Through train* 
to speak of,” he said. “That is obvious.” 

The “through train" refers to the con tin nation of Hong Kong’s 
existing political institutions beyond 1997, the date when the British 
colony returns to Chinese rule. 

Asked about Mr. Jiang’s comment, Mr. McLaren said: “The 
Through train,' and particularly the question of Through train’ 
criteria, is a matter of fundamental importance for the British side. If 
progress has to be made, progress has to be made in that area.” 

The talks have dragged on since April with no public sign or 
progress, with Beijing adamantly opposing proposals by the Hong 
Kong governor, Chris Patten, 10 carry out democratic changes. 

Mr. Jiang was asked to comment on an 1 1-year-old speech by the 
paramount Chinese leader leader. Deng Xiaoping, published in 
major newspapers on Friday, threatening to take over the colony 
before 199/ in the event of “serious disturbances." 

He said the speech was full of insights for the future and set out the 
Chinese government's basic position on Hong Kong. 

Asked to comment, Mr. McLaren said: “I was under the impres- 
sion that the baric position of the Chinese government on the Hong 
Kong question was set out in the Joint Declaration. That is the Bible 
as far as we are concerned.*’ 

The Joint Declaration of December 1984 guarantees Hong Kong’s 
way of life for 50 years after 1997. 


From Press, Honorable Lumps for Japan Royalty 


By T. R. Reid 

Washinpm Pest Service 

TOKYO — Ever so gently, ever so cau- 
tiously, the Japanese press is beginning to 
criticize the royal family. 

In a series of ankles that press analysis 
describe as unprecedented, some of the na- 
tion’s lop magazines are sniping at Emperor 
AJrihito and, more sharply, at his wife, Mi- 
cfaika 

The reports portray a milquetoast emperor 
who will not defend himself or Us palace 
staff against a tough, benpecking empress. 

The substance of the complaints so far 
runs from the unimportant to the downright 
petty: The empress lets her temper show- at a 
news conference; the empress demands 
meals at 2 A.M.; the empress scolds a lady- 
in-waiting in front of others: the empress 
dictates the emperor’s schedule. 

It is the kind of thing that would barely 
raise an eyebrow in, say, Britain. But in 
Japan, where the press has always treated the 
palace with deference, these reports are stun- 
ning. both in substance and in tone. 

The establishment weekly Sunday Maini - 
chi, for example, reported that the palace 
staff refers to the empress by raising a fist 
with the little finger extended. His gesture is 
often used to refer to a sexually active wom- 
an —7 but never, ever to an empress. 


Like many elements of Japanese society, 
the press is moving more toward Western 
ways. Traditionally protective of power in 
any form, the press has taken a more feisty 
stance in recent years. 

A tougher, more adversarial press played 
an important role in the political upheaval 
this year that ended in the ouster of the 
Liberal Democratic Party’s government. It 
was one thing when this aggressive style of 
reporting was aimed at the political and 
business worlds. But now, Japan’s version of 
new journalism is starting to reach the Impe- 
rial Palace. 

“In the past, if you wanted to say anything 
against the royal family, yon had to couch it 
in criticism of the palace bureaucrats." says 
Koichi Sasarooio, editor of the monthly Sho- 
kun, one of the journals taking on the royal 
family. “Now the media wifi criticize the 
emperor and empress directly " 

The press still uses a special form of lan- 
guage m reporting on their majesties: The 
word “speech" is replaced by “the honorable 
words" and a royal trip isdescribed as an 
“honorable journey." 

AD last year, while Crown Prince Naruhito 
was eagerly searching for a bride; the press 
consented to a blackout on any news con- 
cerning royal romance. 

In the weeks leading up to the lavish royal 
wedding in June, most of the Japanese re- 


porting was completely deferential toward 
the royal couple. Some Japanese magazines 
complained in angry tones that foreign jour- 
nals were not paying sufficient respect to the 
new crown princess. Masako Owada. 

That is why it has been so surprising to see 
stories this summer in such mainstream 
newsmagazines as Sunday Mainichi. Shukan 
Shincbo, Shukan Bunsfaun and Takarajima 
30 that criticize the emperor and the em- 
press. 

Going even further, the weeklies are hang- 
ing big posters in the subway to advertise 
their daring pokes at the royal couple. Last 
week, subway riders were gawking at a poster 
advertising Shukan Bunshun. 

“The Honorable Michiko Almost Blew - 
Up Because of One Question at Press Con- 
ference!" the paster screams in large black 
characters. 

This refers to a news conference the impe- 
rial couple held tins month. Imperial press 
conferences are held roughly once a year, 
and they are generally scripted, with ques- 
tions and answers prepared in advance. 

This time, though, a German reporter, 
using perfect court Japanese, asked a ques- 
tion — harmless in content — that had not 
been agreed to ahead of time. Emperor Aki- 
hito answered. But the empress, in a soft, 
courteous voice, said it would be wrong for 


her to answer a question without consulting 
her staff in advance. 

Bunshun's report of this incident indicates 
that the empress was dumbfounded by the 
question and began to get angry. It goes on 
to suggest that she upstaged her husband by 
saying it would be wrong to answer, after he 
already had done so. 

The tenor of that article is in line with 
other magazines’ recent reporting on the im- 
perial couple. There have been stories de- 
scribing the empress as a demanding, nit- 
picking type who will not let her husband or 
the imperial staff decide anything. 

Sunday Mainichi quoted a “woman close 
to the royal family” as saying that the emper- 
or is nothing but a cushion mat Michiko sits 
on. Still, the impulse to pay respect is so 
strong that this quotation actually came out 
as “He’s nothing but an honorable cushion 
she sits on." 

Princess Masako, the American-educated 
career woman who has been crown princess 
for three months, is coming off much better 
than her mother-in-law in the press. She is 
portrayed as perfect, both as a bride and as a 
semative of Japan, 
the prince and the princess are 
s-than- respectful treatment in 


out even me prince ana me pnneess are 
getting less-thaja- respectful treatment in 
some quarters, including some ofT-color hon- 
eymoon humor that, surprisingly, found its 
way into print 


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Page 6 


.MONDAY, SEPTEMBER 27, 1993 


OPINION 



PuNtahed With The Nw» York Timm and Th* Vaxhin^uui FW 


Overdoing It in Paris 


There are ups and downs in all friendships, 
but the French- American postwar relationship 
deserves seme sort of award for turbulence. 

In the 1960s. “America" was not a good 
word in France. President Guiles de Gaulle 
charted a pointedly independent course in 
foreign affairs, and the Vietnam War was 
roundly denounced from many points on the 
French political spectrum. 

All that began to change in ibe 1970s. By the 
'80s. the United States and France were enjoy- 
ing a remarkable period Of concord. While 
maintaining a Gaulfist air about him. President 
Francois Mitterrand gave critical support to 
American foreign poky ventures, notably in 
the battle to statioa Pershing missies in West* 
era Europe. Mr. Mitterrand’s culture minister. 
Jack Lang, made a brief foray against Ameri- 
can “cultural imperialism," but he eventually 
backed off. His campaign was at odds with a 
generally pro-American popular mood. 

It couldn’t last. A soar mood created by 
economic troubles and political turmoil has 
brought some of the Yank-bashing slogans 
back to life. Mr. Lang's old battle ay against 
American cultural dominance, pamojlaiiy in 
the cinema, is again in fashion. Tie film direc- 
tor Bertrand Tavernier offered this measured 
view before the European Parliament: “We 
cannot allow the Americans to treat us in the 
way they dealt with the redskins.'' 

The French have always suspected the “spe- 
cial relationship ” between America and Britain 
(it drove General de Gaulle crazy during World 
War II), and Prime Minister Edouard Bahadur 
conjured up ail the dd ghosts when he was 
looking around for excuses for the collapse of 


the French Franc ttus past summer. Not eco- 
nomic policy or problems with Germany but 
an “ADglo-MXon conspiracy" was the cause of 
the trouble in the currency markets, he insisted. 

It would all be tolerable, perhaps even amus- 
ing, but for the threat that French-Americm 
differences could cause larjje troubles in the 
world trading system. At the mastenceof farm- 
ere, particularly in fluential with the conserva- 
tive parties who back Mr. Bahadur, France is 
trying to blow up an agreement between the 
United States and the European Community 
that i$ crucial to the current round of world 
trade negotiations. The agreement had the ef- 
fect of reducing subsidized farm exports, an 
idea that is anathema to France's heavily subsi- 
dized farmers. Were the agreement scrapped, it 

would mean trouble not only for the United 
States but also for the European Community 
and iLs standing as a bar gaining force for all of 
Europe. Mr. Bahadur wins loud applause at 
home for his insouciant response — “then so be 
it" — to the prospects of a crisis. 

Surely the United States can live with Mr. 
Tavernier’s attitude toward American movies; 
bis view reflects mostly mi the popularity of 
American film. And Mr. Bahadur is not die 
first politician to try to shift the blame for 
economic problems onto some nefarious com- 
bination of foreign nations. But destroying 
trade deals is a serious business with dangerous 
consequences, for the French as well as for the 
Americans. If the old friendly feud is to reopen, 
let it not get in (he way of a world trade 
agreement that could, if successful, curb eco- 
nomic anxieties on both sides of the Atlantic. 

— THE WASHINGTON POST. 


Cure by Cavalry Charge Is Rarely a Wise Prescription 

v •/ . .... AJ.I 1L'» Ttio 


N EW YORK — If the optimists are right, 
the three sides in the former Yugoslavia 
will soon sign a peace treaty, which America 
should support Washington should finally 
lift the arms embargo so that the Bosnian 
Muslims can defend the borders they accept. 
It should also agree to send 25,000 troops as 
pan of a NATO peacekeeping force if Sena- 
tor Sam Nunn’s requirements for an exit 
strategy can be properly addressed. 

Peacekeeping will work if all parties truly 
accept new borders. If no land grabs occur for 
three months, NATO troops should be de- 
ployed to prevent accidental flare-ups, defuse 
minor crises and protea civilians. The mis- 
sion should expire in two years. 

To bdp end the bloodshed, the advocates of 
US. intervention can do the Bosnian Muslims 

We live in a new world, but it is 
stiUaworldof nation-states. 

a great service by keeping quiet. The net effect 
of all the high-minded and weD-intenuoned 
calls for Western intervention is dear less land 
and a poor deal for the Bosnian Muslims. The 
plan they now have been offered is worse than 
the one offered three months ago. which was 
worse than the one offered six months ago. 

Like the Palestinians who foolishly wailed 
for an Arab cavalry never destined to appear, 
the Bosnians were taken in by the irresponsible 
rhetoric of the interventionists. No U.S. inter- 
vention was ever likely. If an accord is reached, 
it win be because the Clinton administration 
has finally been frank enough to admit that no 
intervenuon is in the cards and that the Bosni- 
an government should take the best deal it can 
gieL If it again waits in hope, the next deal 
d the U 


By Farced Zakarfa 

Three cherished myths of international af- 
fairs have come under strain. Each needs to 
be discarded. The first 1$ the myth of the 
wider war. For three years, maty advocates of 
U5. intervention have spoken m apocalyptic 
tones about the grave clangers of a broader 
war in Europe and beyond unless the West 
intervened militarily — and fast. 

Perhaps the most influential was George 
Korney, a former Stare Department official, 
who propbesed in September 1992 that there 
was a greater than 50 percent chance erf a 
general European war within six months. He 
predicted that by the spring of 1993, Serbia’s 
president, Slobodan Milosevic, would have 


Span 


iwned by the end of the CoW War. Three 


W 3 Q & minii Mj .J, A - h . 

history. The coalition dropped more man 
250,000 bombs on Iraq. Does anyone beheve 
that if that did not deter the Serbs, dropprag a 
few hundred bombs in southern European 
mountains would stop the next war m its 
tracks? Has the intervention in Somalia 
, tribal war in other parts of Africa? _ 

' IIS 



offered 


worse than the latest one. 


be would then turn upon Kosovo, which would 
make Albania go to war, after which Macedo- 
nia would join in, after which Greece would 
enter to conquer Macedonia, after which Tur- 
key would enter to fight Greece ... 

In 1914, conflict m the Balkans led to a 
European war because the Great 
cared too much about instability in 
the Balkans. Today they care too little. This 
may cause many problems, but it cannot 
cause a general war. 

The second myth is the domino theray. First 
articulated in the 1950s, its latest variant bolds 
that iintfgs (he United States intervenes in 
Bosnia, ethnic wars will break out across the 
world. If the United States intervenes, dicta- 
tors will be deterred from warmongering. In. 
short, America’s credibility is on the linn 
The theory has to explain an embarrass- 
ingly large problem. If a demonstration of 
American force in one country chills the 
blood of would-be aggressors in another, why 
did the Gulf War not deter the Serbs, Azer- 


coalition of more than 30 countries and ball a f^ncfnnn iL ineviiaWv 

million troop* halfway aooss the wrid and 

^AfteTwarld war l d sulking America 
shimned the wtirid. wj* wll-taovm 
“iL After World War II, many m Waah- 
STbiueriy Named the for 

Seating America out uf its new 
This drew the focus away from the sensible, 
robust containment pdwv advocated b> 
George Kennafl and Dean Achoon to an 
So with who “lost China, the^ulta 
sellout and a hunt for Communists at home. 
Today, for the iniereeniwmsis, Bosnia 
threatens to become a new symbol of datiwl 
hopes. They sec Bosnia asihe obsl^lc toa new 
world order: If we resolve the problem, we will 

move toward a civilized world of mtcfftuwna 1 

law: if we don't, we are back m the oW wwW, 
Alas, there is no respite for America. " Mtn* 
cr iTStoveoes or not international puhb* 
will continue as always with its mixture of 
and war, stability and instability, prus- 
Tjeriw and poverty. Of course « tare in a new 
world, but it is still a world of nauon-tfates. 

While America has a moral imperative to 
spread peace, democracy and freedom across 
the world, it cannot transform the workTs 
basic nature in one dramatic swoop. Neither 
hectoring nor ostentatious boycotting will 
work. Democracy, prosperity and stability 
spread through incremental changes bora uJ 
persistent engagement. “Pence, as 5 eats re- 
minds us. “comes dropping slow “ 

The writer, managing editor of the quarterly 
Foreign Affairs, contributed this comment to 
The New York Times. 


more interconnected than it is and that the 
leaders of nations are stupid. Many con- 
flicts have deep local roots: they were not 
started ■nd cannot be deterred tty external 
posturing. These leaders know that countries 
usually commit the lives of their young only 
when vital interests are at &ake.. 

The Sudanese were not deterred by the Gulf 
War for a ample reason: They know that the 
United States cares more about the fate of the 
Gulf than about that of the upper Nile Valley. 

The third and most dangerous myth bong 
f^piivWi is that of a new world Oder. George 
Bush did America a great disservice when be 
began using the term wOly-mlly in response to 
caSsthat he develop a vistoo, Hus myth is tbe 
latest expression of a recurring curse of U.S. 
foreign policy: the belief that America can 
remake the world in its own image, that once it 
solves certain problems it wifi have trans- 
formed international relations into a peaceful 
game d trade and tourism. 

America has won a world war three times in 
this century (including tbeCold War). Three 
times it has hoped that with on evil empire 
destroyed it could look forward to a new world 
of democracy and international law. Tbe de- 
bates of America's elites at tbe end of World 
Wars l and n are strikingly similar to those 


Don’t Resume Testing Yeltsin: A Democrat, Like His Society, With a Long Way to Go 


China is preparing to detonate a nuclear 
warhead underground, according to US. intel- 
ligence. That has prompted US. weapons labs 
to pressure Bill Clinton to resume midear test- 
ing. It would be perverse for China to test, and 
doubly perverse for the United States to follow 
suit. How wfl] tbe resumption of US. tests help 
Mr. Clinic® get a global ban on testing? Before 
the president decides whether or not to test, be 
has to ask himself that question. 
f 7 Instead of breaking tbe U.S. moratorium on 
-testing, he needs to persuade other nations to 
ban nuclear tests, beginning with China. That 
-ban will help prevent the spread of nuclear 
arms, which in turn will do more to advance 
US. security than additional tests would. 

With neighboring India poised to acquire a 
•substantial nuclear arsenal, and Pakistan cer- 
tain to follow suit, the Chinese detonation 
could set off a chain reaction that would leave 
China itself less secure. What possible pur- 
poses would compel Beijing to override that 
concern and keep testing? Perhaps the bomb- 


builders in its weapons labs are as eager to 
stay in business as America's are. 

Whatever the reasons, the Chinese test poses 
no risk to U.S. security that a U.S. test would 
counter. Quite the contrary; tbe appropriate 
response From Washington is not to resume 
testing but to get Japan and others to coax 
China to stop. Easing restrictions on high-tech 
trade if Beijing forgoes testing, or tig htening 
them if it does not, might bdp. 

Getting China to agree to a moratorium 
could help restrain nuclear proliferation. 
Countries could still acquire nuclear arms 
without tests, but they would not be confident 
about deploying more sophisticated warheads 
without testing them first. 

The moratorium coukl have a positive politi- 
cal effect. The Nuclear Nonproliferation Trea- 
ty is up for renewal in 1995. America wants to 
strengthen it by getting other countries to curb 
trade in bomb-malting technology. Resuming 
audear tests would jeopardize tins effort 
— THE NEW YORK TIMES. 


WASHINGTON —Flouting the Michael Dobbs 

W constitution that be had sworn ^ 


South Africa Is Welcome 


South Africa is no longer a pariah state. 
Two events last week signaled its return to the 
United Nations family. 

On Friday, NdsonMandda urged the Unit- 
ed Nations to lift economic sanctions rince “the 
countdown to democracy in South Africa has 
begun." The day before, the white-led South 
African Parliament voted 107 to 36 to authorize 
a transition council in which blacks will share 
power until the first universal election next 
April. This is a remarkable and heartening 
vtoory for ah in South Africa who have strug- 
gled for baric rights, and for their allies abroad. 
And it is a vindication of President F. W. de 
Klerk, who freed Mr. Mandela from prison and 
worked with him and the no longer banned 
African National Congress to achieve agree- 
ment od the formation of a new government. 

South Africa's new goal as Mr. Mandela 
said, is to create a “united, democratic, non- 
radal and nonsexisi country” What an exam- 
ple that could set for other states now ripped by 
racial religious and ethnic hatreds. 

South Africa is in midpassage, and jagged 
reefs abound. As Parliament buried the old 
order, while separatists cried “Traitor!" and 
spoke ominously of civil war. The Zulu-based 
Inkatha Freedom Party continues to hang 


back, fearful of being shoved offstage by the 
ANC and Mr. de Klerk’s National Party. 
White entrepreneurs wonry about die ANCs 
Marxist baggage, township violence and yewng 
black militan ts* expectations of instant change. 

Ail the more reason for the United States 
and the United Nations to move rapidly in 
lifting economic sanctions and mobilizing 
loans and investments to galvanize a lagging 
South African economy. Decades of deliberate 
neglect have left townships without electricity, 
running water, adequate schools and roads. A 
public investment fund coukl provide jobs and 
training for young blacks even as the new 
democratic order takes form. 

During the transition, as Mr. Mandela urges, 
it would be simple prudence to retain existing 
sanctions against selling arms and nuriwir ma- 
terials. And the United Nations plainly has a 
role in assuring full participation of all South 
Africans in free and fair elections in April 

But the democratic momentum in South 
Africa now seems irreversible- With leadership 
and luck. South Africa may soon be synony- 
mous — in Mr. Mandela’s hopeful words — 
with “democracy, peace, human dignity and 
prosperity for all its people." 

— THE NEW YORK TIMES 


The Sydney Difference 


The award of the 2000 Summer Olympus to 
Sydney over Beijing sends an important mes- 
sage not only about human rights but also 
about sports. It was the right message. 

China's abysmal human rights record was 
certainly not the only factor pushing Sydney 
over the (op. But when a vote is decided as 
narrowly as this one (by 45 rotes for Sydney to 
43 for Beijing on tbe fourth ballot), every factor 
becomes decisive. International human rights 
groups, with assistance from others, including 
Senator Bill Bradley (himself a former Olympi- 
an), rightly pushed the human rights issue to 
the fore and China’s leadership can be under 
no illusions: It has paid a large price for run- 
ning a police state. Tbe fact that this price was 
paid is also a well-deserved comeuppance to 
IOC Chairman Juan Antonio Samaranch, who 
had denounced Western critics of Beijing. 

But if human rights politics played a role in 
the committee's decision, it could also be ar- 


gued that the vote represented a triumph of the 
merits over politics. China was hurt by its 
human rights record, but it profited from other 
political factors, including Australia's Western 
orientation. Yet there was substantia] agree- 
ment among outsiders that Sydney had assem- 
bled a superb proposal Its venues had been 
endorsed by the 2$ international federations 
that govem Oiympic sports. “Sydney had done 
the most in terms of building facilities and 
investing in its bid.” said Harvey Schiller, exec- 
utive director of the US. Olympic Committee. 

Sports hold a special place for billions of 
people because they represent competition 
among athletes striving for excellence under 
fair rules that have been openly agreed upon. 
Dictatorships may be able to Odd good teams, 
bul they represent anything but fairness and 
openness. The spirit of the Olympics, and of 
spots generally, can breathe Freely in Sydney. 

— THE WASHINGTON POST. 



International Herald Tribune 

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Co-Chrimm 

RICHARD McCLEAN, Publisher Je Chief Executin’ 

JOHN VTNQCUR, EucmvE&or & Vkr ftn&totf 

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DinCteur de la Piddktukm: Richard D.Sinwrts 


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to defend, Boris Yeltsin announced 
last week that the Russian legislature 
had been dissolved. 

Mr. Yeltsin is Russia's first directly 
elected president, with proven demo- 
cratic credentials. He has coupled his 
action against tbe present parliament 
with a promise that elections to a new 
assembly will be held — under Ins 
rules — in December. 

His actions raise a fundamental 
question: Is democracy possible in 
Russia? Except for brief intervals — 
after the collapse of tbe czarist regime 
In 1917 and of communism from 1989 
to 1991 — the country has always been 
ruled by dictators and autocrats. 

Harsh climatic conditions, vast ter- 
ritories, a bewildering array of com- 

A violent incident could 
shatter die mood of 
public indifference, 
dragging millions of ■ 
ordinary Russians into 
the conflict. 

peting ethnic groups and the need to 
defend the world’s longest land bor- 
der have aO contributed to an au- 
thoritarian political tradition. It is 
not difficult to find intellectuals who 
argue that democracy is a luxury that 
Russia cannot afford. 

The opposite is probably true: Dic- 
tatorship is a much more inefficient 
system of government than democra- 
cy. It is dictatorship that has led to 
the present crisis by stifling-the cre- 
ative energies of an exceptionally tal- 


ented people and thwarting the devel- 
opment of democratic institutions. 

The transtion to free markets and 
tbe rule of law is bound to be protract- 
ed and messy, but it is the only way 
out if Russia wants to enter the 21st 
century in the company of civilized, 
economically developed nations. 

At the same time, ft is dear that 
a socioeconomic system that has 
worked well in the West cannot sim- 
ply be transplanted. Despite the stun- 
ning changes of the lan few years, 
there remains a huge cultural »pd 
psychological guffoetween Russia 
and the West, 

□ 

Popular fatigue is the central fact of 
Russian politics, and a strong card in 
Mr. Yeltsin's hand as he attempts to 
ou (maneuver his parliamentary oppo- 
nents. More than seven decades of 
totalitarian rule, capped by five years 
of political turmoil, nave 1st tbe coun- - 
trypotitically numb- . - - - 

Toe voters are tired, the politicians 
are tired, the army is tired. Preoccu- 
pied by tbe daily struggle to make 
ends meet, most Russians are bored 
stiff with politics. The seemingly end- 
less debates in parliament evoke 
more disgust than interest. 

Mr. Yeltsin’s own rating in the pub- 
lic opinion polls has been declining. 
But if he can present himself as & 
only political leader capable of restor- 
ing a semblance of order, he is Kkdy to 
win sufficient support to defeat bis 
enemies m ^ pofwlar vote. Tbe most 
common criticism of him among ordi- 
nary Russians is his wdler reluctance 
to lake derisive action. 

Despite tbe cinematic images of 
huge crowds surging through the 
streets of Moscow ana Sl Petersburg 


at rimes of political upheaval the 
masses have traditionally played a 

pretty marginal role In Russian pow- 
er struggles. The Bolsheviks succeed- 
ed in seizing power in November 
1917 by mobilizing a few thousand 
soldiers and armed workers. (Tbe 
of the Winter Palace, as 
in a fihn by Sergei Eisen- 
stem. was largely myth.) 

The vast majority of ordinary Mus- 
covites remained on the sidelines dur- 
ing tbe abortive coup attempt of Au- 
gust 1991. No more than 30,000 
people — less than half of 1 percent 
of die population of Moscow — 
mined up to defend the Russian par- 
liament nuildmgwhen it was threat- 
ened by attack. This time round, the 
number of White House defender! 
has dwindled to several thousand. 
Calls by Mr. Yeltsin's opponents for 
nationwide protests ana a general 
strike appear to have fizzled. 

The stakes may be huge, but the 
present power struggle in Russia is 
taking place within a very narrow cir- 
de. Most rrf the principal protagonists 
are dd drinking baddies who faced 
down the Communist coup attempt 
together and dam started quanting. 

Most provincial politicians will 
likely adopt a wait-and-see strategy. 
Tbe lesson they will have drawn from 
the last coup is that it is unwise to 
take sides in such situations: If the 
wrong side win&you risk getting your 
head chopped on. The best strategy is 
to lie tow until the outcome is clear, 
and then join the winning side. 

□ 

A violent incident could shatter the 
mood of public indifference, dragging 
millions of ordinary Russians into the 
conflict. If Mr. Yeltsin ordered troops 
to storm the White House to forcibly 
prevent parliament from holding any 
more sessions, and if significant 


Too Much of a Good Thing Is Nasty 


C HICAGO — Liberalism is 
sometimes identified with the 
spirit of “open-mindedness,*' yet 
the idea of an “open mind” is noto- 
riously difficult to define. Consider 
Kurt voanegut’s description, in bis 
novel “Slaughterhouse- Five," of his 
education in open-mindedness four 
decades ago at the greatest of all 
American universities: “I went to tbe 
University of Chicago for a while 
after the Second Wood War. I was a 
student in tbe department of anthro- 
pology. They taught me that nobody 

Every act of criticism 
would invite a charge 
of harassment. 

was ridiculous or bad or disgusting." 

It is precisely open-mindedness 
of that sort that led our former 
colleague Allan Bloom to recom- 
mend closing the American min d. 

Although provocation is a virtue 
at the University of Chicago, Mr- 
Bloom's book “The Cosing of the 
American Mind" drove most of his 
reviewers, and even some of his col- 
leagues, wild. The incitement in tbs 
bode was not so much his ridicule of 
“Woodstock" (which he likened to 
Nazi rallies at Nuremberg) or of 
rock muse (which he viewed as ob- 
scene), but his complaint that the 
baric distinction between good and 
evil, culture and barbarism, bad 
gone out of fashion on > 


By Richard A. Shweder If you exaggerate the idea that 

riwuld be protected from harm. 


so open-minded that they did not 
make moral judgments and felt em- 
bairassed when others did. They had 
became so tolerant that they had lost 
their sense of taste. They were so. 
enamored of tbe idea that beauty, 
goodness and truth are in the eyes of 
the beholder that they had become 
blind to things of genuine worth. 

Now I am not particularly a fan of 
Mr. Bloom’s thesis, which Rolling 
Stone, in a witty review of his book, 
called “fundamentalism for high- 
brows.” I am far mere concerned 
about the Puritanism on campuses 
than the relativism. But evoy other 
community has its sacred principles,, 
so why shouldn't we? 


Think of “fundamentalism for 
highbrows” as something Eke the 10 
commandments for saving the soul 
of liberal education. 

A Puritan is someone who exag- 
gerates a virtue until it becomes a 
vice. There are Puritans of the left 
and of tbe right. There are as many 
kinds of Puritans as ther e are Irinas 
of virtues, because any virtue can be 
overdrawn. Imagine a world gov- 
erned by seme perfectly enforced 
virtue. Whenever I try this exercise 
I reason myself into a horror show. 

Justice, lor example, is a virtue. 
Many people mend their Eves feel- 
ing indignant about injustice. A few 
succeed at bettering the world. Per- 
haps if it is lucky the *90s generation 
will develop a sense of itself because 
of the role it plays in its college yean 
standing up for what is fast. 

My generation has that sense of 
itself. Many of us who were students 
in the 1960s fed proud of the role we 
played in opposing tbe Vietnam War 
and marching on Washington for 
dvO rights. One of us kqpt marching 
right into the White House. 

But a world of perfect justice 
would be a nightmare. Every error, 
indiscretion or dark desire would 
show up on your permanent record 
card. Actions and outcomes would 
be exactly correlated. You would 
reap what you sowed and only what 
you sowed. Forgiveness and re- 
demption would be rmpossibk 

There would be no such thing as 
luck. You could never start over in a 
new town. To enforce, perfect justice, 
someone would have to be watching 
all the time, h would l* a woridnm 
by accountants and prosecutors. 

Too great an emphasis on “ac- 
countability" can be stiffing to the 
human spirit and dangerous to tbe 
life of the free university. 

Protecting people from harm is 
also & virtue. It is deqrfy offensive to 
the human spirit when the vulnera- 
ble are exploited by those who 
should be caring for them.- Yet ewn 
here, Puritan alchemy is capable af 
turning a virtue into a vice. A wodd 
comprehended only in terms of 
harm would be a disaster: 


y<« 

be protected from harm, yon 
have a recipe for a society erf thin- 
skinned complaincrs. For every par- 
ody or personal slight (you “snakic,” 
you “pig,” you “ammar), every act 
of criticism, there would be an accu- 
sation of harassment or abuse. 

Hate groups and anti-defamation 


keep each other in business. The 
members of such a society would 
learn to keep their mouths closed, 
t hear eyes covered and their doors 
shut, for fear of tbe consequences. 

Even provocation can become a 
vice if it is the only virtue in a 
Puritan town. There is no dignity in 
provocation ifits onty aim is 10 0616 - 
brate your freedom to humiliate oth- 
ers or convict them of minority. 

Provocation is an act of love, not 
hale. It serves tbe pursuits of truth 
and justice, and it protects from 
harm those who use it wisely. Bm, 
like anything else erf value, ii must be 
handled with care. 

.These days it has become very 
hard to know what it means to be 
politically correct Is it correct to be 
m favor of goveramait regulation or 
against it? to celebrate tbe differ- 
ences between men and women or to 
deny that there are any? A few years 
hg government of An- 
i Cuban troops to de- 
15. oil refineries against a 
Maoist revolutionary supported Iqr 
the Reagan administration. 

Yet let me not be evasive. Curios- 
ity about variety, diversity and dif- 
ference is a marie of a liberal (men 
mind. So is the cddnalkn of ditfer- 
.ence. So is the criticism of difference. 

If PC refers to the tenet that no- 
body ia “ridiculous or bad or dis- 
gusting," It is an exaggeration of 
tolerance, which makes it a form of 
Puritanism, which is not a good 
thing. If it refers to the idea that the 
only reason some people are not as 
accampfished as others is that they 
have b«n victinazed, then it dimin- 
ishes some pleasures of the brain. 


r professor of human 
the university of Chi * 


- . The Miter is 
developmental 
com. This comment was 
The Hew York Times from at 
dress to entering freshmen. 



bloodshed resulted, the likely result 
would be a wave of popular revulsion. 
If parliamentary leaders are seen to 
provoke violence they are likely to be 
condemned by public opinion. 

In this sense. Mr. Yeltsin has laid a 
trap for hb political opponents. To 
defeat him, they need the support of ai 
least some military and security units. 
But that means inciting troops to rebel 

The most likely prognosis 
in the event of a Yeltsin 
victory is that Russia wiU 
remain caught in a 
twilight zone between 
authoritarianism and 
democracy for some time. 

-against their present commanders, 
whidi in: turn raises the terrible specter 
of another civil war. An attempted 
mutiny would give Mr. Yeltsin the 
excuse he needs to cradc down hard. 

Jt is in his interest to keep the show- 
down as low-key as possible. History 
offers many examples of failed at- 
tempts to seize power that have led to 
a Successful countacoup. The Bolshe- 
vik revolution of November 1917 was 
made possible by a bunded right-wing 
putsch. The fauure of the hard-line 
Communist coup attempt of August 
1991 led directly to the outlawing of 
the Communist Party and disintegra- 
tion of the Soviet Union. As long as 
the armed forces and executive organs 
of government remain loyal Mr. Yelt- 
sin's best strategy is to let tbe legisla- 
ture talk itself to death. 

□ 

When the Soviet Union fell apart 
m 1991, Americans were qutok toaafi 
the birth of democracy. In many re- 
spects, however, the new Russia has 
much more in common with the old 
Russia than with countries like 
France or the United States. i 
Democracy in Russia is like one of 
those fake villages built by Count 
Potemkin to impress Catherine the 
Great and foreign ambassadors as 
they toured the country. Tbe facade 
seems pleasing enough to the casual 
observer, but mete are no supporting 
walls and no foundations. 

Superficially, everything is as it 
rixxild be. There is a president, a con- 
gress and a supreme cootl The prind- 
ple_ of the division of powers is en- 
shrined in the constitution. In the final 
resort, though, none of this matters 
very much. As last week's events have 
demonstrated. Russian politics still 
boils down to the crude Leninist for- 
mula: Who has the power over whom? 

Freedom of the press is a case in 
paint. After the enforced uniformity 
of tbe Communist era, the constant 
bubub of debate and tbe staggering 
range of opinions is certainly impres- 
sive. Bat a closer examination reveals 
that the press is hardly free. State-run 
television, the medium through which 
most of tbe population gets its news, is 
shamelessly pro-Yeltsin. 

The written press is more varied. 


but there arc very few truly indepen- 
dent newspapers. Most newspapers re- 
ceive subsidies from one political 
group or another, a fact that deter- 
mines their general editorial line. 

□ 

Moscow correspondents, myself in- 
eluded, often frame the present power $ 
struggle in terms of a Communist- 
dominated parliament and a demo- 
cratically' elected president. There is 
some truth in this shorthand, hut it is a 
grass ovo'siffiplificatH’n. 

The Communist Party was still in 
power in 1990 when the' Russian par- 
liament was dccted, but the elections 
were generally; judged to he free and 
fair, Nomination and dectioa proce- 
dures were similar to those used in 
May 1991 when Mr. Yeltsin was elect- 
ed Russian president. Now described 
as “conservative,” the Russian parlia- 
ment took the radical step of electing 
Mr. Yeltsin as its first speaker and 
adopting a declaration of sovereignty, 
much to the alarm of the then Soviet 
president, Mikhail Gorbachev. 

It is true that many leaders of the 
parliamentary opposition are former 
Communists'-" but so is Mr. Yeltsin. 

He has rejected Communist ideology, 
hut his political techniques are Com- 
munist Tammany Hall He is adept at 
usng the remnants of the centralized 
distribution system for rewarding his 
friends and punishing his enemies. 

□ 

There are no final victories in Rus- 
sian politics. The political turmoil is 
tikdy to continue, whoever wins the 
present power struggle. Imagine, for nh 
the sake erf argument, that Mr. Yeltsin ' 
comes out cm top. Mr. Rutskoi would 
end up as a slightly ridiculous footnote 
to history, rather like the 17th century 
pretenders to the Russian throne dur- 
ing the so-called “Time of Troubles.'’ 

But the problems that Mr. Rutskoi 
and his supporters have sought to ex- 
ploit at a time of vast economic change 
— rising prices, high-level corruption, 
the threat of mass unemployment — 
will remain. Indeed, if the parliament 
is dissolved, Mr. Yeltsin will lose a 
bandy alibi for his failure to come to 
grips with these underlying problems- 

The most likely prognosis in the 
event of a Yeltsin victory is that Rus- 
sia will remain caught in a twilight 
zone between authoritarianism and 
democracy for some time. Behind a 
democratic facade, power politics ^ 
will continue as usual The shif t to a 
free market economy will proceed in 
fits and starts. The temptation to wa- 
ter down radical economic reform 
with populist measures designed to 
shore up a shaky political base will 
remain great 

In the end, Mr. Yeltsin is likely tobe 
seen as a transitional figure, much like 
Mr. Gorbachev. He is not a miracle 
worker. The greatest service he can 
render is to make the rocky post-Com- 
mimjst transition a little smoother, 
and bequeath a set of functioning po- 
litical institutions to his successors. 

The writer. Moscow bureau chief for 
^Washington Post from September 
1988 to August 1993. is a research 
scholar at the Kerman Institute. He 
contributed this comment to The 
Washington Post. M 


m ora pages: too, 75 and so waps ago 


1893: What’s in a Name? 

PARK -7 A correspondent writes 

Municipal Council o/pamfto Rus- 
sianize the names of the streets. It is 
understood the suggestion that the 
avenue du Bois de Boulogne be called 
“avenue de Cronstadr is put out as a 
Lihatl 


ject of the Kaiser's visit wax tc 

pease the unrest and fear of the p 

kroons owing to the approach u 
froniw of &All«daSto, at 
the ^nstant aerial bombing, w] 
jee^ng to a Bate report, tfieK 

gg* *¥*'<??* during the 
British raid an Mannheim. 


dents of a Bolshoi Reoi 

name as good as moving, and much — — 

cheaper, is a sound one. It is the same 
reasoning that leads the tenants in a 
New York apartment house every 
war 10 pay the landlord J50 to kick 

the janitor out and get a new one. 


MOSCOW — [From our Ni 
edition:] With Russian armi< 

rhaemh s-. .. ' 



1918: The Kaiser’s Visit 

GENEVA — The “D4mocraie M 
learns that the Kaiser, accompanied 
by Duke Albrecht of Wurtembere 
and Prince Etienne von Schaumbera- 

I miv 1 ——1- J A I . ° 



_J chiefly visited military hospitals 
avoiding pubfic ceremonies. The ob- 


’■rt ail« 

theatrical night 01 tne war 1 

&™P^ goflhe bombs 
Bolshoi Theater. That even 
fenng was the Russian fo 
jamm 

vras. resplendent with gene 
soldiers on leave from toe f 
some avilian leaders, ftem 

fiSui 05 ? V ‘ Slalio ® 

figures, however, v 
first box on 
side of the house— wl 

to usually occupied — was 1 


0 


D 




n 

kJ. 




\^r< 
\ * 


\- 






INTERNATIONAL HERALD TRIBUNE, MONDAY, SEPTEMBER 27, 1993 


Page 


Ynsrr/p ; .\ ^° u1 h Africa Hungry for Cash, Not Big Macs 


BRIDGE 


( »*£l W av to (, 


"I 


S' 


By BiU Keller 

New York Tunes Service 

. JOHANNESBURG - Silting 
in a Kentucky Fned Chicken re£ 

lanrani, sipping Coca-Cola and lis- t - , 

lemng to a Whitnev Houston taoe. r “ r °* African National 
Gift Nclni does not scan like a nun at tiw United Nations on 

starved for Americana. Fnday for the end of sanctions 

against his country. 

Investment, jobs and prosperity, 
not Big Macs. Ghevys and “Sesame 


About the only important thing 
onssing is American capital, and 
Aai u vial Mr. Neku, 23, a black 
shident, hopes will flow as a r«uli 

“jjj P — ^ N - e ^ <ra Mandda > 


Indeed, after years of anti-apart- 
heid sanctions— and, in a povose 

way. because of them — South Af- 
rica is a country awash in American 
consumer goods, colonized by 
Amencan pop culture and ob- 
sessed with American celebrities. 


Street,” are the bounty Mr. Man- 
dela must deliver, black and white 
South Africans say, if he is to satis- 
fy the expectations of his compatri- 
ots. 


t 


Polish Family Injured in Fire 


Reuters 

BONN — A 5-year-old Polish 
girl was badly burned and her par- 
ents and three other people were 
mjured Sunday in a fire in their 
high-rise apartment building in the 
industrial dty of Ludwigshaiea. 

The police said in vesii gators 
were including the possibility of a 
racist firebombing in their search 
for the cause of the early morning 
blaze in a hallway on the 13th Door 
of the 23-story building. Both Ger- 


mans and foreigners, mainly East 
Europeans, live on the floor. 

The police said the girt was in 
critical condition, with burns to 30 
percent of her body and smoke 
poisoning. Her mother and father, 
bolhut their 20s, were also in the 
hospital with burned and - 
feet 

Firebombings have become a 
trademark of neo-Nazi gangs, 
whose attacks in the last two years 
have taken the lives of at least 28 
people, both foreigners and Ger- 
mans. 


Although economists have 
warned that foreign investors wiQ 
return only warily to a country they 
see as vidmtly unpredictable, at 
street levd hopes are running high. 

“Everyone is just waiting for 
sanctions to be lifted," said Snabier 
Samrod, describing the excitement 
among businessmen who are cli- 
ents of his burglar-alarm company. 
“You’ll see a lot of investment. 
You’ll find raanpfoymem going 
down now." 

Mr. Neku endorsed the hope, al- 
though he cautioned: “It doesn’t 
mean things will go easily. When 
sanctions are lifted, these- compa- 
nies will still want to come and see 
the situation. Are they going to 
invest in a country where people 
are being killed?" 

Rumored projects aside, the < 
i mm inent surge of cash is an 
milli on loan from the Internationa] 
■Monetary Fund, which may be- 
come available by the end of the 
year with Mr. Mandela's blessing. 

So far, most of the American 
companies scouting opportunities 
here have been beni on idling, not 
producing Bui upon arrival they 
are often astounded to discover 
that South Africans are not lacking 
for things to buy. 

Throughout the years of South 
Africa’s moral isolation, about 130 
American companies and numer- 


ous European concerns retained 
subsidiaries here, and others that 
ostentatiously withdrew in the 
1980s continued to sell their prod- 
ucts through distributors and fran- 
chise arrangements, - - 
South Africa has no McDonald’s 
or Biuger Kings, but there are 
scores of local franchises that the 
Americans may have trouble dis- 

they arrive, 

i brazen entrepreneur recent- 
ly announced plans to open his 
own “McDotuwfs" chain, golden 
arches and all, asserting that the 
company bad forfeited its trade- 
mark by staying away in honor of 
the trade embargo. 

Culturally, the Americanization 
of South Africa has been acceler- 
ated by a sanctions anomaly. 

Although 40 percent of South 
African whites are of English de- 
scent, and many hold British pass- 
ports, South Africa has been de- 
nied most British films and 
television programming because 
the actors' union in England im- 
posed a stringent boycott. The ban 
is still in place, although the United 
Nations dropped international 
sanctions on cultural exchange in 
December 1991. 

As a result, seven of the 10 most- 
watched entertainment shows on 
South African television are Amer- 
ican. 


“We're faced with a predica- 
ment,’’ said Johann van Rhode, a 
spokesman for the South African 
Broadcasting Corporation, con- 
templating the end of the English 
sanctions. “Our children have been 
weaned on American program- 
ming. Though a lot of our popula- 
tion is of British origins, it would be 
quite a radical change going to 
British programming.^ 

Likewise, American films mo- 
nopolize the theaters and American 
music fills the air. in black town- 
ships no less Burn in white suburbs. 

South Africans, even those who 
feel sanctions helped bring down 
the apartheid system, tend to blame 
the absence of foreign business for 
the country’s recession, now in its 
fourth year, and the unemployment 
rare officially reckoned at 46 per- 
cent. 


By Alan Truscott 

I N the final of the Greater New 
York Bridge Association's 
Harter Cup. Robert Slayman. Bon- 
nie Gellas. Stan S terra berg and 
Laura SchisgaH. all of Manhattan, 
won by 33 imps against a group led 
by Etiore Biandu of Manhattan. 
The diagramed deal contributed 
largely to the victory. 

Some players would open the 
South hand with five diamonds or a 
gambling three no-trump, but the 
choice was a modest one diamond. 
Stercnhere as West bid two dia- 
monds, showing major suits, and 
South arrived in five diamonds. 
East doubled on the strength of two 
probable defensive tricks, and the 
lead became cruci al. 

Looking at all four hands, it is 
dear that west must lead a dub to 
guarantee three tricks for the de- 


fense. But West led the .spade 
queen and East won with the ace. A 
spade was returned to the king, and 
South drew trumps. He should then 
have led a heart, with excellent 
chances and total certainty as the 
cards lie: the potential club loser in 
the closed hand would have been 
thrown on a heart winner, 

Instead he madea greedy play by 
finessing in clubs. This would have 
produced a doubled overtrick if 
West had held the king, but as it 
was, SchisgaH as East produced the 
king and promptly returned a heart 
to score her partner’s ace. 

Id the replay. West doubled the 
opening one diamond bid and 
Worth bid two dubs. East showed 
spades, and Stavman as South tried 
three no-trump, a reasonable gam- 
ble. He took ten tricks quickly 
when lire lead of the spade queen 


was ducked to his king, and his 
team gained 13 imps when the) 
might have lost four. 

NORTH 

♦ 52 

? K J 10 2 
9 10 

♦ A Q 3 10 7 4 

WEST EAST 

♦ Q J 10 6 3 &£{!{ 

^ a q 6 4 

•ski v* , 6 

♦ 62 *KB5 

SOUTH (D) 

♦ K 7 
T 7 

V AKQJ954? 

♦ 83 

North and South were vulnerable. 


The bidding: 
South Vest 

North 

East 

r 

t 

1 V 

2 0 

3* 

34 

5 9 

Pass 

Pass 

DU 

- 

Pass 

Pass 

Pass 


• 


West led the spade queen. 


BOOKS 


A Rough Start for Somali Democracy 


By Keith B. Richburg 

Washington Post Service 

BALD O A, Somalia — To hear some Unit- 
ed Nations officials boast about it, the cor- 
nerstone of a new democracy in Somalia is a 
bomb-d a ma g ed building here with peeling 
pastel paint, where a balding onetime ac- 
countant sits at a broken table in a dark, bare 
room with doors and window glass 
from their frames, no electricity and no tele- 
phone. 

It is here, in this rubble-strewn municipal 
hall that long ago fell prey to war and looting, 
that Ibrahim Ali Bayow, 44, presides over 
Baidoa’s newly formed district council, one 
of Somalia's fust local governing bodies to 
emerge after more than two years of violent 
anarchy. 

The United Nations plans to form more 
ihan 90 such councils around the country in a 
bold experiment in grass-roots democracy. It 
hopes that the councils will fill the void left 
by the collapse of the central government in 
Mogadishu and, eventually, allow UN forces 
to withdraw from Somalia. 

While more than 15,000 U.S.-led UN 
troops in Mogadishu are caught in a hit-and- 
run battle with the militia forces of the Soma- 
li militia leader Mohammed Fairah Aidid — 
raising questions worldwide about the effica- 
cy of U.S. military strategy in the capital — 
here in Baidoa the question is whether the 
long-term UN political plan for building a 
future Somafi government is realistic. 


If the Baidoa district council is the first 
marker on that long road bade to political 
normalcy for the country, the results so far 
appear mixed. 

Mr. Bayow complained that the 21-mem- 
ber council he leads has been given no money 
and has received none of the promised sup- 
port from the United Nations. 

“We don’t have enough office space," be 
said in an interview, as the other council 
members around tbe broken table nodded in 
agreement. “We have no communications. 
No vehicles. This office has no windows, no 
doors ai all." 

“Nobody gets paid,” Ire added. 

“We are waiting for something from UNO- 
SOM,” be said, using the acronym for the 
United Nations Operation in Somalia. 

Mr. Bayow and the council's travails seem 
to summarize the problems that the United 
Nations is finding m trying to fulfill its man- 
date to rebuild this war-damaged country. 
Simply put big ideas so far have not been 
followed by badly needed cash. 

Baidoa today can be counted as something 
of a Somali success stray, if only because tbe 
relative peace and the signs of economic 
rebirth stand in such sharp contrast to the 
continuing chaos in Mogadishu. 

While more than 50 UN and US. trows in 
tbe capital have been killed in the last three 
and a half months, tbe French troops ride 
around town freely in open jeeps and do not 
even bother to put on helmets. 

The difference is all the more glaring since ^ 


this was the town hardest hit by the famine 
last year. More than anything rise, tbe sight 
of mass death and suffering in Baidoa 
prompted a huge international relief effort 
and eventually led President George Bush to 
send more than 25,000 Marines to retake the 
country’s supply routes from looters. 

Six primary schools are open in Baidoa, 
compared with nine before the war. There is 
no more large-scale feeding, and (he “kitch- 
ens'' that were once clogged with thousands 
of the dead and dying have dosed. 

Observers point out that these are not UN 
successes. The famine , which had already 
shown signs of abating when U.S. Marines 
arrived in December, was over by the time the 
United Nations took control of S omali oper- 
ations on May 4. The schools were opened by 
(he relief group Irish Concern. 

And the improved food situation has been 
helped by a relatively good harvest in the 
Milages south and southwest of here, giving at 
least some farmers a small surplus. 

In Baidoa, there is also concern that the 
United Nations, under attack from General 
Aidid in Mogadishu and facing mounting 
criticism over its tactics there, has been rush- 
ing to create a tangible symbol of success to 
distract attention from tbe fighting in the 
capitaL The result, say critics, is that the 
district councils are being formed wi thorn the 
careful planning that would make them truly 
representative and before funds were avail- 
able to give them legitimacy. 


THE FOUNTAIN OF AGE 
By Betty Friedan. 671 pages. 
$25. Simon & Schuster. 

Reviewed by 
Winifred Gallagher 

A WEEK before his death in 
May, Daniel X. Freedman, 
editor of The Archives of General 
Psychiatry, UCLA neuroscientist 
and world-class charmer, consid- 
ered life from tbe perspective of his 
eighth decade. “Wait till you hit 
your ’60s,” he told a reporter, 
“Things really open up then.” “The 
Fountain of Age,” Betty Friedan’s 
sprawling exploration of the final 
pan of life, shares this bracing per- 
spective. 

Freed of constraints that limit 
younger adults, the old people in 
these pages have come to “a new 
place” that’s not just not-yomh, 
but a unique develop menial stage 
with rich rewards as well as limita- 
tions. Tragically, says Friedan. a 
sloppy equation of age with debili- 
ty and a crippling denial of aging 
and death cause our society to 
overlook or disparage those who 
have historically been a respected 
resource. 

Just as she has campaigned 
against treating women as sex ob- 
jects, Friedan, aged 72, now pro- 
tests treating the elderly as “objects 
of care.” Instead of spending bil- 
lions to reify them, she argues, we 
should support their independence 
and communal involvement. 


To our reodars in Austria 

It's never been easier 
to subscribe end save. 

Just ail taUraa: 

0660-8155 
or lax: 06069-694894 


:i • .i 


The IHT Pocket Diary 
Puts 1994 

Right Into Your Pocket 



Year after year- even at a period when 
diaries abound — the International Herald 
Tribune flat, silk-grain leather diary is the hit of 
die season. 

Ingeniously designed to be thirmer-than- 
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eSSTS Karen DUX M 
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J certified mail: 50 FJF. (U-S.S8.60) pea- package plus postage. 

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Fax: (33-1)46 37 06 51 


t 





o 






Readers who lake up this book 
because they're brooding over 
“what to do about Mother" will 
find that its exploration of the ele- 
ments of a vital life pertains to 
adults of any age. By cultivating 
what tbe Harvard psychologist El- 
len Langer calls “mindfulness,' 1 or 
the active process of paying atten- 
tion to the present and malting 
choices, Friedan's role models 
avoid the pitfalls of living on auto- 
matic piloL 

Challenging themselves to lead 
vigorous lives of what MacArthur 
Foundation psychologist Gilbert 
Brim terms “just manageable diffi- 
culty," they cam the sense of satis- 
faction that comes from tapping 
about 80 percent of one's capaci- 
ties. 

Despite a serious illness, 80-year- 
old Ida Davidoff practices psycho- 
therapy. swims taps and plants a 
new wudflower garden: “why de- 
prive yourself of even an hour of 
beauty” she asks, “because you 
don't know how long you’ll be 
around to enjoy it?” The crowning 
glory of Friedan’s aged is their 
blend of knowledge and experience 
that tire German psychologist Paul 
Bakes describes m his research as 
“wisdom” — a developmental trait 
that emerges around 40 and only 
peaks at 60. “I very much reseat 
people who think that because 
you’re 80. you're getting kind of 
potty,” says Laura McCluggage. 
“Actually, I’ve gotten better in 
some ways now I'm older.” 

By putting her spotlight on tire 
kind of rugged individualists — 
many from her own privileged cir- 
cle — who'd be welcome in any 
family, Friedan presents a some- 
what idealized vision of old people 
and what they want. Her elderly 
seem like relatives of the feminist 
wonder women who combine ca- 


reer, family and public service, and 
have a good sense of humor, too. 

No mailer what their socioeco- 
nomic particulars. Friedan reports 
old people do best at home in a real 
community. The author prefers 
Trailer Estates, a mobile home set- 
tlement where the elderly do for 
themselves and each other, to posh 
Plymouth Harbor, a “congregate 
living facility” that supplies maid 
service, meals, activities and nurs- 
ing care. 

At the heart of America's insen- 
sitivity to the old. Friedan finds 
some ’ cruel stereotypes. Beyond 
middle age. psychological' and 
physical health vary Tar more from 
person to person ihan before, yet 
our culture insists on lumping to- 
gether those over 60 or 65. This 
careless generalization, augmented 
by the media's lack of interest in 
vital older people, has made the 
disabled ana dependent the stock 
image of old age. The spectre of 
this “national crisis” fuels much 
unwarranted anxiety: fear of Alz- 
heimer's disease is widespread, for 
example, even though 95 percent of 
people don't get it. Research shows 
that age and illness —even sickness 
and passivity — are not inexorably 


linked, insists Friedan. and that se- 
rious disability generally irecurs 
only shortly before death.' 

The unbuttoned range, length 
and style of "The Fountain of Age" 
lend it a chatty charm, but obscure 
a shorter, more focused and more 
forceful hook. A less indulgent edi- 
tor would have argued for .-.sam- 
ple. that menopause isn't on issue 
of old age. that many points are 
nude with half a dozen stories 
where one would do and that the 
mix of research and first- and third- 
person testimony sometimes mud- 
dies the distinction between fact 
and opinion. Yet 30 years after she 
led the advance guard of women 
fighting society's narrow margins, 
Friedan perforins the same service 
for a generation or older men and 
women who have similar aspira- 
tions. The best achievement of 
“The Fountain of Age" is that it 
reintroduces the elderly as individ- 
uals. and insists that “thev” are us. 


W inifred Gallagher, the author of 
“ The Power nf Place: How Our Sur- 
roundings Shape Our Thoughts. 
Emotions, and Actions , “ wrote this 
for The Washington Post. 


WHAT THEY'RE READING | 

• Ode Heffier. owner of the Vil- 
lage Voice bookshop in Paris, is 


Trading “An Imaginary Life , a 
novel by David Malouf about the 
exQe of the Roman poet Ovid. 

“It’s a reflexion on civilization 
and barbarianism. At first the bar- 
barians are a mystery to Ovid. Lit- . 
tie by little be comes to understand 
them. This is one of those books 
you cany around with you even , 
when you’re not reading il” 

(Mike Zwerin, IHT) 

L\ " ■ - ■ 


- • _ r , 

"1 .. . . 




o t 




e I y 






FOCUS- Schneller 
auf den Punkt. 



* As 3A million 
readers In 
Germany Know, 
(Source: AWA '93, 
Spring '93. 
tracking study) 


tC&LB 







Page 8 


WEEKLY INTERNATIONAL BOND PRICES 



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101% 401 
99% tUl 1023 
100% <14 +87 
107ft 453 +40 
509 +86 
I«% 1477 +706 
UUM 193 +47 
112!i 119 +111 
tllft <38 +40 
Vttuu 190 +79 
107045 107 +35 
108% <16 +15 
IBM* 532 +96 


Banks & Finance 


Abbev Natl FettM 
Abbey Tiy Aug 5% 
Abtrr Tw Apr 4% 
Abbev Tsv May 6% 
A0n Amro Mav 3% 
AbnAmraSep 3*; 

Bor L/nJes Fee 6 
BngBkMav i 

Bud Jem 0% 

BroSeo 6 

Bo Paribas FefaPy 
CncoMtr* 7% 
Combine Jul 5*. 
CamboncMav 7% 
CgmboncSen 7*. 
Cr Fancier Jan 8 
Cr Load Aug 8'- 
Cr Local Feb 7% 
Cr LOCO) Nov 5% 
Cr Local Oct 4% 
Cr Local Oct 8*4 
CrLvonnFeO 5*. 
CrLvamJul 9 
Cr Lvonn Jun B% 
CrSuKwJan 4 ft 
CsLanBrSep 61 
DBFkiMr 0% 
Deul JUl 8 
DeuiSea 1 >. 
DpuI Fin Jun 9ft 
rat*. Apt 7: 
Osl bk Jul 8 % 
chi ok Mr 4% 

Goldman Aor 

Hallta* Bs Apr 9ft 
Halifax Ba Apr Ok 
Halltai Bs Jid 5% 
+MtabaSea 8 
Hetatra ini Feb 6% 
Inti Feb 6 
khvlnll Feb r.b 
KtalnllJon 9ft 
KtwInHJun 5% 
Kin Ini I Mr Bft 
fctwlnnod 1% 
Klwlnll&eo 5% 
Lb Scfi Gir Aw J% 
Lkb Fin Dc 6ft 
Lkb Fin Jut 6ft 
Lkb Fin Mr 5ft 
Lkb FlnOCf 6ft 
NmdGtroAUr 6ft 
SBCCmnMr 8ft 
SSCCrrmSeo 10 
5BC CmnSep 7ft 
ubsFinFeb 9% 
Z-LcmabkOcI 5ft 


95 102% 

95 101 ft 

96 188% 

6J naft 
96 77 

96 96% 

98 103% 

00 1034k 

95 HBft 

97 103ft 

<6 185 

96 187% 

96 101% 

97 108 

95 105% 

M 113ft 
95 H6ft 
07 IfiSft 

95 103% 

96 99% 

99 tt/ft 

95 101ft 

96 110ft 

98 113% 

97 100% 

03 101 'A 

99 116 

98 111*6 
IS »ES% 

99 119% 

96 186% 

96 108% 

96 W% 
00 103% 

95 187% 

ft UO% 
95 W7% 

108 % 


96 103% 

98 106% 

87 112ft 

*5 158 ft 

00 103050 

98 112't 

01 1151-1 

97 103% 
M 780% 

97 105ft 
03 llBft 

98 701% 

02 105ft 

03 165% 

96 108% 

95 IMft 
M 10B’- 
82 120% 

96 107 


195 +31 

430 +44 
Ml +36 
602 +68 
<73 402 
<88 +57 
501 +35 
533 +11 
J0» +32 
<90 +37 
5.19 +115 
<58 +45 
<63 +47 
5.16 +72 
<51 +47 
5JD +56 
<22 +39 
SJ9 +53 

<31 +n 

<41 +T7 
536 -HI 
<36 +46 
<95 +78 
sje 444 
<70 +37 
596 +49 
535 +46 
539 +51 
634 +33 
SJ2 +« 
<65 +56 
<83 +66 
<56 +47 
<» + 10 * 
<12 +46 
<45 +16 
435 +52 
<74 +53 
<58 +53 
404 +20 
606 +48 
<11 +37 
19 +28 
5.72 +45 
549 +47 
<75 +» 
<36 +26 
<82 +22 
505 +48 
<«2 +14 
£77 +43 
60S +65 
<65 +57 
<42 +52 
461 +46 
508 +63 
454 +28 


Global Corporates 


Abb Fin Feb 

»% 

M 

W4 

405 +51 

Abb Fin nov 

5ft 

to 

10? 

408 +41 

Allied Fin am 

4**i 



526 +75 

Amo Can Sen 

7*. 


lWtt 

sm +55 

Amo Co Mr 

9*i 

1A 

114% 

536 +129 

AtT Aor 

5*! 

to 

law. 

4.95 +26 

Bocard Fm juJ 5% 

to 

101*0 

SXS +67 

Basl Fm Aw 

7 


107 

507 +63 

Bast Fin Apr 

J 

01 

87*4 

600 -HB 

Bast Fin Sec 

8 

to 

IBB 

« 9 +78 

BaiCapAw 

ft 


1ICV-. 

50* +65 

Buyer Aug 

Vi 


708*5 

503 +02 

Beltstfi Tc Jun 

5*1 

TO 

Witt 

407 +22 

Belkin Tc Sec 



100% 

6.10 +47 

B/mv Lea Nov 

7ft 

76 

107 

471 +63 

Bouts Pic Jen 

9 

77 

111 

501 +71 

BP amer Mr 

in 

M 

lllft 

406 +70 

BP amer ur 

7% 

99 

117% 

501 +104 

Boca Fin Anr 

Bft 



5X7 +79 

BrGosIntJul 

ft T i 


103ft 

XH +51 

Br Got Ini Set 

8ft 


114ft 

552 +5B 

Br Gas Pic Mr 

6% 


0609) 

408 +C 

Bt Fin Aug 

B% 

99 

Itett 

507 +43 

BIFinflflr 

8ft 

to 

186% 

415 +49 

Bt Fin Nov 

9ft 

to 

TW 

507 +42 

Bt Fin Sen 

Tin 

96 

1089; 

40] +27 

Can Aug 

9% 

to 

107% 

402 +97 

Chnima FlnSepSV: 

to 

99ft 

671 +87 


6% 


lOi’.n 

604 +91 

ChubuEl Jan 

V 


112 

+79 +65 

Chubu El ur 

■7 


lOWr 

409 +52 

ChubuEl Sep 

Wttto 

HOtt 

445 +77 

ChubuEISeo 

8V. 

to 

112ft 

£31 +49 

ChugaEIFeb 

7 

97 

106ft 

4X4 +49 

OiugoEIMoy 

Vi 

76 

112ft 

487 +73 

Chuco El Nov 

8ft 


111 

502 +73 

ClbaCoroOc 

en 

97 

10b 

4X9 +28 

Ciba Cora Mr 

5ft 

DO 

103ft 

£08 +08 

Clbu Ge-iyOct S*3 

TO 

i[--n 

501 +16 

Coke a. - no Si ; 

Ttt 

TO 

B8.858 

400 +51 

Daimler AW 

1(1 

W 

119% 

673 +83 

Daimler Mav 

I’i 

« 

108ft 

409 +66 


End 

issuor Can Mot Price vw Trsv 


Daimler Oci 8 98 

Dgrt Kraft jan 10% M 
Dupont ElAw 1% « 
OunofflElAprS 02 
Dupont El Jun 8% 98 
Dunam eijan m 99 
Eat 90-1 Feb 9 M 
EeetfIKINov 9% 95 
El Coro Jul m « 
EH Ul tv Jul 5% 08 
Emerson 7% « 
EnergieBeOet9 9$ 
ErtajoaOct 7% 96 

EwpJun 

Exxon Moy 
Exxon A6r 


Exxon OO 
Euan Sen 
Ford Apr 
FoniAuo 
Ford Jun 


9% 95 
4% 96 
6% 03 

8 98 

6% 08 
9% 96 

4% aa 
9ft 97 


Ford M Cr Feb 9ft 96 
Fora M Cr Feb 4% 98 
Ford M Cr Jan II 96 
Foma Fm Nov 7% 96 
FffCNCMJulfti 95 
Gee Aw 7% 97 

GeccAue 9l-. 95 

GeccAua 6ft M 

Caoc Fat 6% 96 

GeccFeb 6 98 

GcccJun 4ft « 

GeccJun 9ft 4o 

GeceMr 8% 98 

CaccMr 6% 99 

CeaNaw 5*6 95 

GeccOct Ift 99 

Gear Sec 4% 96 

GtHStD 5 00 

GMAC 6b « 

GMACJut 
GMAC Mr 


710% 530 +66 

I live <11 +80 

180% <51 +44 
113% 595 +68 
113 U1 +59 
109% 5A9 +* 
m 439+60 
W9% <66 +71 
111% <90 +71 
HEft <99 +22 
109ft 505 +78 
108% <55 +« 
187% 516 +40 
108% <13 +35 
HO'u 439 +27 
1M% 574 +16 

112 521 +37 
108% 60S +42 
N8% <98 +81 
119% 601 +95 
714% 527 
110% 407 -HB 
103% 5.44 +78 

113 404 +83 
10W. 535 +107 
107% 403 +106 


GiihnAiKAar 6% 95 
GulmPlcJan 9 96 

H JHetauOCt 7% 96 
HltacMCrDc 7ft 96 
HUpcnlCrJm 7% 97 
HincTlICrJul 5% 98 
HoectBl Mr Vs. 9/ 
Haeeftsl Aw 6 » 

Hakkal EleSeptft 96 
HakurlkEI FJavSft 9b 
Kakurlk ElOct 6% 97 
HoodaMlrF«b9ft 97 
ibmintiAw 5% 95 
ibmJapaiDe 6% 97 
Intel sal Aug 7% OB 
Intelsat Jon Aft 00 
Jal Co Jul aft 83 
Loroal EleMr 10 96 

KanMEteSep9% M 
Ktmbcrlev Jun 9ft 99 
Kodak Apr 7ft 97 
Kodak Mr I Oft 95 
Kvuilui Ele Jul 6% 03 
Kyushu Ea 10.8 16 96 
Kyushu EPU7 Etft 96 
MaftnaKw 4 96 

Matsu El Aug 7*. 02 
MerbanzFeb 0% 95 
MetiHeFdOct 7% 96 
MitSubEsf Jufl+u 97 
Mlhuo ESI Sec 8ft 01 
DAS Fm JUt BW 96 
mists TeiMay 7% 9e 
Nestle Hid Fes 5 97 

Nestle Hid Feb 6*. 97 
Mslle HM Jun 5% 98 
NCSIteHUMr l 98 
Nestle HU Nov 7ft «a 

nestle Hid Oct 3% 99 
None Hvd Apr 8ft 97 
Monk Hvd Feb 9ft 95 
Norsk HvdOct 8ft 01 


NITDC 

NtTFeo 

NIT Jul 
NIT Jul 
NIT May 
Nf TMr 
NITMr 
NIT Nov 
NITNOV 
NtTNav 


8% 96 
6 98 

9ft 97 
9 99 

9% 95 
9% 95 
6% 97 
7ft 96 
6ft 97 
9% 98 


Osaka Gm May 5ft 98 
Ptiltmo Co Aw 7vj 97 
Ptulmo Co Feb r*y 98 
PhlbnaCaJul 8% 9b 
PtillmaCa Feb 6ft 97 
FtulmaCnSeji 6% 99 
Proc Gam Feb 9% 98 
PracGam Jan 9ft 01 
PruFInOct 8ft 01 
Pro Fund Aug 8ft 95 
RaMan May lift 95 
RaSndFlnJul 7ft 97 
Reed Publ Jul 9 96 

Reed Publ Jut 9% 97 
Roche X* 2ft 00 
Rocne Moy 3% 01 
Rr Canine Jul 7% 01 
SaNBburvMavW: 96 
Salnsbury Oct 9% 96 


187 408 +ffl 

189ft 4J1 +45 
102% 6.11 +48 

HUM 439 +24 

104% AM +30 
100 % <22 +8 
111% <61 447 
113% 9>U +49 
104% 5M +25 
102% <19 +H 
1]6% 3M +49 
9M 4J9 +16 
180% <98 +15 
181% 578 +101 
109% 529 +112 
181% 114 +1R 
HBft <52 +55 
109% <56 +55 
lB7ft <85 +61 
Hi 105 +74 
19£t 5J4 +67 
108% 128 +49 
1094b 5.18 +86 
U0% 502 +71 
lllft <96 +73 
111 <99 +71 

163% HI +57 
113 UD +94 
181 % <54 +69 
101 id +81 
110*e 508 +55 
116% 5M +46 
102ft 631 406 
112% <49 -HI 

112ft <64 +41 
UOft <30 +54 
107ft US +115 
107ft <63 +IB3 
102ft 606 +61 
lllft <86 +78 
111 502 +73 

97 5.10 +87 

100% 607 +75 
145ft 4J2 +82 
107ft <01 +87 
lljft 533 +77 
lWb 5.95 +75 
T09V> 4J9 +43 
106% <91 +79 
100ft <76 +60 
104% <66 +31 
103% 4J7 +23 
W <46 +» 

107% <44 +14 
91ft U5 +30 

109 536 +97 
106ft <50 +43 
lllft 601 +159 

110 505 +74 

MW <95 +30 
114% <90 +41 
117% 5x2 +49 
HBH 4.12 +38 
TOM <28 +67 
106% <78 +40 
KJ7V: 465 +37 
105% <79 +20 
117ft 534 +48 
ID2W 5.15 +41 
106% 536 +87 
103ft 121 -90 

in*- <n +8i 
104% UT +86 
104% 5X0 +74 
115% 5J4 +69 
121 198 +07 

113% 60S +04 
106ft 4J8 +53 
ltDft <B4 +114 
105% 5.72 +123 
119% <85 +69 
115 114 +a 

05 154+53 

06% 1X9 +83 
T04% 6X7 +H1 

109% <60 +57 
111% 401 +57 


SoxtozO/SMrMk (ffl 106050 123 +24 
SondacO/SSePX 98 95% 509 +25 

Scant Jon 8% 96 188% 5.13 +NI 

SccHbbJun 9% 95 107% <77 +101 
SccWMJiiJ 9% 97 113*- 533 +105 

Sdiertna May 7ft 96 107% <73 +61 
Sears Acer Aw Oft 96 US'- <70 +68 
Sears Euro Apr9ft 95 107% <31 +63 
Shlkok Aog 6ft U 101050 <10 +66 
SNfcakuEl 111 Mft 96 113ft 403 +71 
StenwnCpxw g 02 
SneoMr 7ft 97 
SaftJgMav a 96 
Sony Conti Jul 5 M 
Stand Oil 7% 77 
5% Drug Mr 8% 96 
SwtssreiftXw 3% 99 

Ten Aug 8ft 96 
Ten Aug s% m 
T enJuJ 6% 83 
ThyascnAw 7% 99 
TohoKu Ele Anr7ft 97 
Tokyo Gas Jut 5% 91 
Tovola Fm Aw Aft 95 
Toyota Fin Jun 4% % 

TovataFInMtnS 95 
TovataMc Jan c% 77 
Toyota AIVc Mr 5% 98 
TMCCAw Bft 95 
S. 95 
7ft 96 


MCC Aug 
TMCCDc 
TMCCFeO 
TMCC Jan 
UnllevMav ' 
UnllevMr 

uitiJev Mr 


*£S' 


113% 594 +64 
107ft 121 +84 
107ft <01 +48 
101% <41 +41 
107% 531 49* 
108% 506 +108 
90 170 +72 

110% <67 +« 
1U% £23 +42 
181ft 595 +50 
IOTA 599 +106 
108ft <«9 +59 
101*4. 519 +41 
103% <16 +47 
1»% <38 +24 
181% <25 +31 
106% 4.96 +51 
101% 512 +46 
107ft 424 +37 
101ft 3.99 +15. 
107% <80 '440 
104% 405 +51 
102%. 427 +25 
108 <71 +58 

113% 539 +71 


Wk 

8 - 96 

•ft 98 . - 

. . . . 9ft BJ I2RO50 5.49 +48 

IKwMICaJul 5% 98 181ft 523 +45 

VaHortall Jun 6 98 102ft U1 +58 

V-i Inti Aug 3 01 BDft 626 +HJB 

4w Inti Oct 9ft 98 117ft 523 +81 

NwnerLAnr *% 96 108 472+81 


spa 

Issuer Con Mat Price Tta Trsv 


Dollar Zeros 


A<w Ann 
Amer loft Aug 
Amax Bk Dc 
Austria Jul 
BP Cap Aid 
Br Gas PIC NOV 
cmemitarFee 
Ca* 

ClJC9 

era 
Ccce 
Cecal 
Ccce Mov 
Ecu May 
Cue May 

Cast Mav 
CceeMav 

Ccce MOT 

Caw Mav 
Cra Mav 
Cue May 
Ccce Mav 
Ccce Mav 
CcwP 
CraP 
CentrusiFtb 
Chen Ny Feb 
Cheat Ny Feb 
ChcmNvFeb 
OwmNy Fob 
C nemNy Fefl 
Chem NvFeb 
Cham Ny Feta 
Chem NvFeb 
Cham Ny Feb 
Chert NvFeb 
Chem Nv Fen 
Ob Fin Jot 
Denmark Aw 
Donstuse 
EdfSea 
EkmrtiOd 
Exxon No* 
ExjusiCPvAug 
mo Mm 
Fst Fed Feb 
Gdf Mr 
GeceJut 
GaaCMT 
ueccMr 
GenMIlHAuD 
Gen Mills Aug 
lodbDc 
Mesa Dc 
1 ado Jim 
laabJun 
ladb Jun 
lOdbJim 
lOdOP Dc 
Ibrd Oct 
ibrdOd 

1 sec Mr 
Itatv Mr 
■Drub Coo* Jut 

MiAdeiown Jul 
NtttSep 

Penney Gto Feb 
PepsiCo Mr 
PtMlmoCr Jun 
Pro Realty Jem 
Safa Nov 
£BC CmnNav 
Sear O/S Jul 
sear 0/5 Ata* 
SCkMr 
MSN 
SlevmJun 
Vic PuUSen 
Whilmn Fin May 


Floating Rate Notes 


Cri 

Prtcf Con. 


Canadian Dollars 

Cr Local Septa 99% 008 

DeulFin5ep(0 99ft <37 

see Sen 02 95 004 


Deutsche Marks 


Pita Od 9f 
A Mb Jan 97 
Amro Mar 05 
Asflnaa 66ar 05 
Austria Feo 05 
Austria Redee F=ebta 
Bdglum Aw97 
Malum Aua 99 
BtHoJumMarOO 
Belgium Mav » 
BkOdnaNav93 
Bk Greece Jul Jih 98 
Bk Greece Jun Jun 95 
Bund Apr 00 
Bundesbofm Mar 00 
Buitaesnosl May 00 
□be NdV 95 
enmmenbk aa Oct 95 
Comiw a/s Dec 93 
Cr Fancier Jul M 
credlanMayT* 
OenNwsfteJanM 
Dg BcnkJon JanTi 
DnasdFmAnrv? 

Dresd Flit Joan 
□vend Fla Jul 98 
Ecsc Aug 97 
Ecsc Jun 97 
ElbAugOA 
EJbAwffl 
E lb Feb 01 
ElbJunOA 
E lb Oct 00 
ElbOctS 
Elb Dent Mar 98 
EimflmaJu<99 
Groat Bell Feb n 
HdHtax BsJWny9S 
101 Fin Nv Nov 95 
ikbFbvBvNavTS 
irttfahdPebOO 
Ireland Jul 98 
isvehnerSeaM 
JnmUsaNavos 
Kh»oa79 
Kan aw 00 
Lamroo/s Feb 95 
La«aroo/sMay95 
Lkb JtilS 
Lkb Nov 95 
Lkb Nov 99 
Lull Fm Aw 00 


98Vi <16 
99ft 4X6 
97t> axo 
9flft tt.05 
*®ft 0JM 

97*— BJO 

in -a 12 

99%. 006 

99 ao5 


99% 

99ft 

98ft 

99VJ 


0.19 

125 

078 

H50 


99% E.12 

99ft 407 


TO 

96 

m*> 

99% 

99*a 

99% 

99*s 

99% 

99% 

99% 

771ft 

97ft 

<8 

98% 

78% 

77% 

98% 

77% 

98ft 

W 

*9% 

9914 

97*ft 

97 
98% 
91% 
97 
99ft 
99% 
99ft 
99 
98ft 
79% 
97% 
*»% 
75ft 


0.10 

227 

014 
045 
012 
031 
035 
020 
807 
006 
an 

004 

007 

on 

01a 

aw 

0.33 

aw 

023 

070 

an 

006 

056 

1X8 

174 

an 

007 

129 

•XT 

-002 

015 
072 

OBJ 

006 

til 

509 

096 


toot. Mol 


Lufthansa FeflOl 

Mnsu 1 

MhsubtsMR JanM 
NaftoMfde BsAugfS 
Neste Or Feb 96 
NmaZeahdJun97 

NewZeakxlMarfS 

OU> May 95 
Okobank junOO 
OueHcHvdAwlO 
»CNW Nov9S 
Rente. Sep 76 
SaskntcHaOct77 
Sbab Sen 96 
SeBankenMerVS 
-5ecPact7ncDe£TS 
JpolnJiititB 
SiaatsvAwM 
SteatsbanfeApTH 
Stootsbenk Dec 93 
S ta^Mx mfc Jim 95 
StaatabacMarM 
StaatsbankMaylM 
Stogtswnkfttavw 
StaatsDunk Octet 
S jaoh bnnk Sen 74 
Shtatsbank Sen 95 
5 toMaw rtc3Aar94 

staatsKbMar96 

UDtPebOO 
UbfJanfb 
Wen Fargo Nov 95 


Rxe 


96 

97 

98 

79% 

99% 

97VJ 
99ft 
77ft 

97% 

TP* 

76% 

99V3 OO 
99% 035 


083 

072 

056 

057 
OJ7 
1.18 
OI5 
005 
ft» 
021 
04? 


97VJ 

99% 

99% 

99% 

98% 

99% 

97% 

too 

9*ft 

in 


093 

039 

0XS 

038 

0.15 

002 

ON 

03 

niK 

-007 


-on 

99% 002 

99ft SUB 

wo an 

weft -007 

wo -asp 


100 

77ft 

99ft 

98% 


-US 

015 

044 

093 


Ecus 


BeaOl Rom Apr 97 
Bela lam Aw 00 
Betaiam Mav 99 
Bk Grace Apr 97 
Bid AW » 

0 np Aug 76 
Co Jan 95 
CraFcbU 
C/ Fender Apr 76 
Cr Italia jul 97 
Elb Aug 01 
Ett Feb 02 
EIB Ps Mar 96 
IbrdAwlQ 
IBB Tm Jun Jun 97 
Isvelmer Nov 75 
Italy DctBS 

Public Pwr Sen 77 
St-aobaln e Peru 

world Bk Apr Aw 02 


98ft 

98ft 

79 

98% 

98 

TTVj 

97ft 

98% 

tW 

98% 

Wta 

98% 

99ft 

97% 

m 

97ft 

94ft 

98ft 

88 

98% 


032 

027 

021 

124 

047 

021 

0J5 

OI5 

Oil 

856 

-■m 

-036 

03 

0.18 

054 

101 

073 

077 

121 

-0X4 


Pounds 


a pic Oct 94 
JUdctnft Nov 94 
All LeiC Apr 78 
AH LMc JuJ 94 
All Lek Jul 76 
aji LeJcMov 95 
AIILeic Fr Augfi4 
AltBHa M 5ep Sen 96 
Aitolla98jan Jon98 
Ajll Nov 77 
Auto Fund AW 96 
Bft Aug 94 
Bft Jon 96 
80mm Mids Sen 98 
B/ham MWstvr Mar 95 

BardavsJ Frt4? 

EWbsFebin 

Bobs Jan 95 
BbesJunfS 
BC61S Mav 94 
BUdOCt99 
BkNowa5catioaea 
Brad BJngaAw 98 
Brad Bing a Get 97 
Britannia J*m 97 

Brilonitia May W 

BrthmnfaOcr93 

Britannia Oct « 

Britomio Feb Feb 95 
CgMorM 
CgMay 96 
CgSenM 
Cars Uk Jun 95 
ChfHt Glsu Mov OS 
Cie Banadre Marts 
ailcan>DecDec97 
Cms7olFeb28 
cmsiiJunW 
Cmsia2 Jun 16 
Cms2Sen36 
Cms3al May 30 
OnsSAw27 
cnatocia 
Cms7b2Feb28 
Cms8 Juan 
CmWnl Mav 33 
Co-on Bk jul as 
Call Mori Sec Jun 16 
Combonc Sen 95 
Denmark Aug 9* 
OoiTOH Mori 1 Dec 14 
Eib Jul 76 
ErCtustvel 5e» 15 

Of co Jan W 

Grocediurcfi 2 Jun 19 
Halil Redeeme May 94 
Halltax BsFeb96 
Htdftar Bs Jill « 
HalHax BsMav9B 
HolHar Bs Nov 97 
HalHax Bs Sea «6 
Hrdltax Bs Sen 96 
Hmc 3a Redeem Jul 15 
Hmc4aAug21 
Hmc 5a Jul 30 
Hmc 6a Sen 38 
Hmc 8a Aw 34 
Hmc Sb Aug 34 
Hmc 9a Jan 34 
Hmc No Mb Aug 21 
wnc Redeemea May 33 

ffmc Redeemed* Feb 15 

Hmc2 Ho B2b Feb IS 
Hamer 1 Sep W 

Leeds Bine Dec n 
Leeds bsk Jun 97 

Leeds Bsoc Mar 96 

Leeds Bsac Oct 94 
Leeds Perm Feb 97 
Lea lol Jut is 
Lea Pic Mt Jul 35 

UoydsEurAugM 

Maes Fund Jul M 
MoesZMayll 
Man Han Trust Nov w 
MIc I a Mar 20 
Mfc4al Jul 35 
MfcNalbMarM 
UUiandMayOi 
Mini W Feb W 
Mstaoan 

MslbOcI Z3 

Ms25ena 
Mlg Fund Aug 73 
Mtg Fund Jul 35 

Mlg Fund Nova 

Mlg Fund Oct 23 

MtoFundOcta 

Nattonwide Jul 76 


99*5 

93*5 

99% 

97~j 

99 

IDO 1 .! 

99% 

99% 

99% 

99% 

86 


99% 037 

99% 0X8 

97 1X4 

77% 015 

toft 020 
0X2 
009 
021 
0.13 
0.40 

oxa 

037 

aw 

013 

038 
173 
0.13 
027 
026 
021 
axe 
1.12 
023 
026 
022 
000 
002 
B.17 
021 
ais 
0.18 
0.15 
an 
ais 
aor 

065 
ox? 
063 
037 
026 
021 
026 
036 
055. 
009 


78ft 
94ft 
99% 

99 
99ft 
100 
99ft 
99% 

97ft 
*9% 

99ft 
99% 

99’4 
99% 

99ft 

98 

97% 

97% 

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79 

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98% 

98% 

77% 

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99% 

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220 

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99ft 

97ft 

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98*5 

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78% 

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97ft 

77% 

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79% 

77ft 

79% 

99ft 

106% 

97ft 

10D 

97% 

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99ft 

9T/> 

97ft 

99% 

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97ft 

97% 

97% 

77ft 

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99ft 

99% 

99*» 

77ft 

99ft 


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023 
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MaUgr>»«%Jein 

NsiiemntoJimTS 

HgHenaideOcm 

NoncnaXtoSesM 

Ngtprtw B4Feb*7 

NatprovBsMarN 

Nof-cs! Dec 07 
NewZcamdAWW 
NW 4 Oct IS Oct jS 
Marten Roc OO 9k 

teriwi*toytoo»i« 

2 &nr M * 

Srfr>ltalaMar21 
yand Ch Jan 49 
Stand ChcnfNUVfk 
Storjl PtcDcc39 
Temple NalJoaS 

Temple Nal Mar 31 

TmcWAiarw 
TmclimorZB 
Tree* Oct IS 
Tmc?wwl5 

TSlSSSS 

TiDcNaOlScnScnU 
TmcNnBNevNovW 
TBv MO 03 Apr Aor 15 
Tmc NoW May Mav 15 
TOK NO 05 SCO Sen 15 

Tme No 09 Feb Feb 19 

Tmc PunbyAw3B 
Tmcsi&t?Jut29 
TmcpMd+OctS 
Tmcp4Tn5AW» 
TmcpSTbOAaa 
Tgwn Cpont No- 94 
Well Far 00 Jem M 
WeaiwEmdJuiTS 
WDOIrt EmP Jun 77 
Woalxi Eaal Mar H 

WcnlAEQUiMdvVl 

Mmolw Eras! Nay 95 

yarkconsMcrOi 
V#rt5*4fltWjF«« 
Vorks W rob/s JulTl 


SB 




91% 023 

IT-4 007 


99% 035 


OT- 


020 

0.75 


99% 839 

9957 <«r 


009 

028 


73ft £72 
96 U 167 


99*6 

98% 

99% 

99 

99*4 
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99 te 
99% 
99ft 
7995 
99"i 
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039 

000 

037 

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027 

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030 

043 

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9f% 0X3 

99% 0X> 


97*i 

98% 

98U 


037 
037 
032 
039 
0X8 
98(5 031 


8X2 
104 

0% 
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(Lie 
8LI9 
99ft 1.U 
99ft 8* 
97% 037 


97% 
99 V) 
99% 
97% 
77ft 
toft 
97ft 


Yen 


Eib May H 
Elb Trio Mav 08 


9*4 <04 

m -in 


Dollars 


Abbev Ul Anr 03 
Abbev lWSenin 
AOC MW 96 MOT 98 
Attn Amro Aw OS 
AbnAmraAvgSJ 
Alta Pern Pen* 

Ata pern Pern 

AibPICNovXf 

Alaska Hse Jul 81 
au Redeemed Dec 75 
Alius Ftn JrniSO 
Americans Sen » 
Aim* 8k Dec 97 
Amew Bk Mar 97 
AiuBkaGnAwQD 
AnzBKSGn AW74 
Arz B59 Go Doc 79 
Am BKH GpFebTS 

AreBkaGpFeOT6 

Ant BKS Go Jun 94 
Are BK9 Go Mar 95 
AraBxaGoOaiQ 
Are Bn Gn Oct XT 
Arab BUM Jun B0 
Aslinag Jul 97 
Akflnas NOV 96 
AshikogaSepflO 
AsikCger Jiflcn 
Austria Aug 97 

Austria Jon Q 
Austria Oct 02 
Amu Ctl Feb 03 
AioU C H Sen EC 
Bocobo/SNov94 

Bacobo/sSen97 
Ball AU9 97 c Aug 97 
Banesra iSMorto 

Bones B> Pern Pern 

Bangkok Co Apr 80 
Bore o-l Mar H 
BarciavOidNav49 
Barclay Jl JUl 49 
Barxtov S2FebJ9 

BarmssBvjanSI 

Batlf SO Mar 96 
Bayer Hvno Aug 03 
Barer Lana Aug 05 
Borer Land Mav 03 
Baver vervAugOZ 
BavcrVereAusQS 
Bayer Men Jon 03 
Bbf BnPJan Jai98 
BM mu Aw 99 
BblMIJimDl 
Bca 01 Rom Aw 97 
Bca Dl Rom Doc 99 
BcoDI Rom Jul 77 
Baa Dl Rom Jun 01 
BCIJUlOO 
Eel Jun 95 
Bd Junta 
BcoD* Non Aug *7 
Bco Dl Nod Dec « 
Ben ttaP Hk Sen 03 

BcaSanhmSenee 

Bearsteani5e»94 

Bewum Dec 97 
BetTmntFebT* 
Belgium Jan 9S 

Brigtiw jon96 

Betonxn JiX96 
Belgium JwM 
Betoken MavU 

Belgium ndvk 

Belgluni 0093 
BetotumOd94 

Betehxnoaw 

BrfttaniMtAwU 

Belgium Ml Aw 75 

Betowea 66f aw 76 

Belgium Mt Aw 94 

Betoken M Aug 75 

BetokmtMfDecn 

BetotaraMIFebM 

Betoken Ml Feb B 

BetotamMt Jan96 
BekHimMtJalM - 
Betgfuat DM Jal 75 

BctotuinMIMarTS 

Betaiam mi Mav M 

Etetolura AttMov 9? 

BetotamMt May «6 

BetobmXHNovn 

Belgium 661 Oct 73 

BetokimBMOcTM 
Betotarn MfnJ Mar 74 
Baraan0kAug77 

BieeAugto 
Bice Nov 96 
BnboolntloAuoBl 
Bk Bosun Auats 

Bk Boston FebOl 

Bk Boston SepO# 

Bk quad JW 98 


77% 034 

tons -us 
wo cus 
181% -828 
«n% -030 

75 ass 
<3% <00 

C7U 10D 
99 

77% 800 

n ilc 

m, 024 
98% <61 

*7 <77 

96 % 12 * 

KB 030 
«6% 1.13 

ms 622 
WOft 033 
W0 <18 

ua 022 

91% <81 

83% t.n 
TO <12 
toft 0.17 
MOfa JLI5 
89 2JM 
97% <7> 

99% <Ut 
181% 441 
Win -8X8 
TO% 413 
WTft 43? 
99% 032 

79=11 <12 

99 054 

99% <35 

77 I2W 
1KT5 -552 
m ais 

son on 

88*5 801 

87*4 001 

*5% 101 

78 <98 

Wife 431 
Wife 431 
Kile 439 
182% -031 

WO 417 
107% 435 

2 202 JA 

99% <11 

m m 

99% <14 

79% .806 
90% 0.45 

93% T03 

97% <94 

99% 003 

96% 002 

99% 025 

99% 0X3 

100% 001 
M 008 
97% 808 

77% 408 

106% <94 

HB% 425 

won -am 

79% -80S 

UD% 155 
77% 486 

77% 40T 

TO 307: 

77% -am 

104% 40? 

582 no 
WZft 438 

tan. <7* 

WZft 404 
lUSft <47 
100% 309 

IDtta 3X7 
97% aua 
KM 4X6 
MHfc 186 
Ml 4X1 
U3% 427 

mm 305 
107ft 426 

HM 438 
188ft 1» 

W8 275 
ItXft <71 
182ft 2X6 

T65. 102 

101ft 406 

77ft 40? 
90ft <25 
97 074 

99*s U6 
MB 622 

Ttfc <61 


tauer 8. Mot 
BkCmnaMoyy#_ 

KSfsrsuv’ 

Bk Fur Ar Mar 10 
Bk Greece AW 94 

sss 


Bk Greece Mar *7 

Bk Greece TO Dee 76 

BkGraeaenoAwto 

BklraSmtaDMM 

BkirctaMScaer 

Bk66nMHJuffB 

BkHovabcAuDxT 

BkOfOdna Jvi76 

Bk soman Nov 49 

SS1F1I® 

Bn Feb 9S 
BiwJuffT 
Baaoctia 
Bn>Sep49 
Bap Catted Apr 85 
BroCdMdJipes 
Bm Caro Feb 77 
Bm Cm Jun 01 

Boo Carp Mov »B 

Boo Cortf Sep 9} 
Bony Dec 77 
Baton- Nov 77 


Bd Redeemed miv« 
BrCoium&FebDl 

BreodmvOctT? 

Elf Nv carp Apr 85 

BIN-,- Coro Sep BJ 
C ban Redeeme Jun 88 
Canute AW 77 

GartatoFc&M 

Canalo JM99 

an fax 1 
cbaJut49 
a»Jui» 

CdAuiOS 

car Moves 

Cd Feb 74 Feb 94 


7n« 


w*j aw 
99ft 03J 
188 55 

99 20* 

97V: <g 

'SL 25 

T9ft 076 
98% W! 
98ft 1-13 

97 !4! 


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■98% 

74(2 

98% 

Mb 

91 

HD 

«% 


CM! 
ante neon Dec Of 
OWSaManMaySS 
Chase own Nov 97 

gtasekMnSena 

ChemcorpAwM 
OirtstOoNovJf 
Christ ogoa 97 
ona Op sen 01 

CbrtstOgScpto 

ancjiwxr 
CbcJaUf 
Cic May 97 

□tic Redeeme Apr 49 
anarp Bk Jul 97 
ChicrpBkOctn 
CiNerpExNavlS 

Clllcrp NO Align 

CmcroNa Avail 
Cittern 1*1 Dec 49 
QUcro HP Jon 77 
Clflora No Jan 76 
aticro No JunSS 
CJttcrp Nd MOV 74 

CHtcrp Na May 98 
CmcrpNdOcIBS 
CWcrpNoSeptS 
anerp NO Cu Nov 35 
Cttlcnta/sAugto 
atiwno/sSepN 
Otizens iMar Mar 76 
CDrabancSaplB 
CnmmzAa5ep8? 
Comzbkan AugOS 
Conlt Bk Aug 98 
Cr Du Nord Oct 97 
Cr Fonder Oct® 

Cr Fender Odff 
Cr Italia AW 01 
Cr Holla Feb 00 
CritottaJaniO 
Cr I lotto Jun 77 
Cr Local AW 85 
Cr Local AaB 02 
Cr Local Dec 02 

S Load Dec 97 
Local F4b 03 
crLvannAag97 

Cr Lvonn Dec TT 
Cr Lrervr Jul 00 
Cr Lvonn Jut *6 
CrLvtmJunfS 
Cr Lyarm MarBJ 
Cr Lvonn Mar 96 
Cr Lvonn Sea 05 
crodirnkSeoa 
CradtopOs Febto 
CradtoPOsSePto 

CredllansiAwU 

CredltandAuBOS 
CregemFtnMava 
CsffiBu Aug 03 
CslbBvNiar49 
CsfttBvMavn 
cm Bv sen 99 
Ctrl Sec Au0 80 
DdbwooAUOTS _ 
Den Dan Pv Dec 00 

DenDcvtske JunOB 

OenDorafeoNovey 
Den DanskeTr JunflO 
Denmark Aua 96 

Oemurtc Sen 77 

Deul Fin Oct 32 
OgBaikSenia 
Dkb JnmSesSo 
Dnc Pm New Peru 
DocPerpOUPerp 
DresdAO AW 03 


EW>Dec73 
E taxi Oct K 
EOC Mt Apr 94 
Eac Mt Apr 95 
E« 681 Jul 94 
Ecsc Ml Jul 95 
Ecsc Mt Jul 76 
Ecsc Ml Jul 97 

Ecsc 6*1 MOV M 

ECSC AH Mav 9S 
EdcFebSJ 
EdtFebto 
Em Nov 02 
Edf Ml Ju|94 
Ed* Ml Jun 95 
Edf<2AugMAeg94 
E« <275% JO Jul « 
Efijunamto-to ' 
EoatThoi Mar 05 
Elb Jai 03 - 
Elb Oct 02 
EksaartflnAugOJ 
Bcenortfln5M02 
EkmorttlnMiMayw 
EkspartflnMfOctM 
Elders Res Dec 74 
EauftabteCWAwM 
Euttalma JorlH ' 
Eurafltiio Ml Jul 81 


Witt 

loift 4n 
HO *» 
Witt 43! 
85 192 

HBft 809 

no aw 

no 438 
191 
no 

IBDtt US 

™ 2-S 

79VI <13 
HB US 
78 ft 

75 <80 

»1% 426 

TBft <X7 
mft 416 
101ft 411 

fS? 

Kft <43 
97% 043 

wn <so 
77*i ue 
99ft 002 
99ft <12 
WO 417 
m% -an 

79 U 121 

m tM 
MO 441 

m <15 

£g iS 

4W 

77% 109 

77vs aw 
94% BLBS 
HOft Ml 
77ft 127 
16ft 103 

98% BJ3 
14 000 

HBft <16 
WO <18 
72ft 6X6 
UFA 434 
93% <to 
»0ft <71 
HD 08 
180 <H 

107 -026 

108ft 0X1 

98ft 8X8 
99ti <18 
I® 418 
72ft <15 
100ft 403 

m 033 
99ft 0X1 
Wtt 426 
102% 433 

77 on 
99% 009 

98% <48 

181% 436 

HOtt 434 
90 <04 

97% 0X4 

Hllft 6® 
79 SX6 
IBM* 435 
HDft 421 
181ft 4X2 

1U 039 
101 ft 4X0 
TO 43k 
100ft <19 

180tt <18 

TO tLU 
100ft 033 

101% 420 
99% 034 

97% ACS 

no «« 

79ft <20 
Wta <51 
Witt 409 
99ft 415 
99% 418 

103 438 

7V 106 
tim -0 m 
99 ass 
77% oxa 

97 <76 

77ft OJ3 
9m <88 
71ft 074 
U0% 008 

77tt -9® 
99ft 409 
lOTS 452 
HCtt 434 
to ara 
77*1 000 

77ft <88 
101% 4X8 

ISltt 411 
ismt 414 

108 101 
98ft 000 

101ft 4X7 


101ft 

103ft 

Wl% 

143ft 

K4tt 

W4<4 

lOItt 

103ft 

Ml 

ue 


3X4 

433 

177 

408 


504 
148 
<15 
429 
._ -306 

102ft -001 

ata 
*33 
in 
302 

094 

005 

103% 458 

Witt -<48 

Witt -aa 

407 
5X7 
102 
ta 3X8 
S3 405 
TO 1 ! -0X5 
110ft <77 


103ft 

ua 

W3ft 

MOtt 

toft 

non 


102 

tOftt 


Iwuw&Mot 


E*knfcSeu*r 

EeteriSf ItevlH 

as ss 

^^Obto 
Ferfovle MPJ*7 

FmcicMayto 

esssju 

RSW&r 

Flrd inter t»w«w 

FirBSwMtJy” 
First S« Nov M 
Fkr+l Svs Nov 96 
Ftoet Find Junto 

ForttmCrAwto 
Forrotntno-tenW 
Fst Carol NOvto 
FdCWcoeeto 
Fst mier jul 74 
Ful 11m Fin Sen 00 
G.ULUFebW 
GJJUmpSes*7 
GtccDecOZ 
Gecc F«b 03 
GeccJanD3 
GenfinoncB Jan** 

GoMmanUttewR 

GoHmonLpMaf n 

Goifln u mLflOaM 

Gnfatwttxfl M«r W 
GotaBsnkan5M8l 
Graol LAOS Decto 

GfiiWtoyrF+t>« 

GlWe»lern8*Mqrto 

GwngdonaMayto 

HetabaJanlO 

HetaQaSepn 

HnisomuelFcbto 

HIH Samuel Jut 16 

HUIS«iinuelPefP 

HtetaMAflwrOato 

HckurUuSefl® 

HsficsIoAugXJ 

HswsldOeC47 
Hhks31JuI 49 
Hyundai Dec8 DeC 97 

Hyundai Motor Oct to 

ibmCrtdCoroDccTS 
• Ibrd Aug 02 
I bnf Mar 7B 

Ibrd Mav 82 
Ibrd Nov 02 
lordParo 
Ibrd 16/ Ul Oct to 
lbnf1B/M0d*6 
1 ora Feo7»Feaw 
ItaaNauJuin 
ibs» Mass Sen n 
ibseTurKi Febto 
Ibsa Turin Jal 00 
Iceland Jut 09 
Iceland May *1 
1 mi inn Junto 
imlinttsepTT 
IndBkFInMar 94 
Indian Oil Nov 9J 

Indonesia FW<n 

indanntaOclT] 
indaunAwTT 
Indgsue: Nov 97 
IPdcsueiOdtfi 
ing Mov83 
■noBkOdDS 
mg Bk Sep OS 

Ireland Junto 

Ireland Nov at 

Ireland Aug 7 Aug 60 

Inrionddub Sen 9B 

Ixvetmer Apr 75 

Wvel river Feoft 
(svdnwr Febto 
ISvebner Jut 94 
inetmar JutK 
isutomer Morto 
Isvelmer Nov 74 
itatv Dec to 
Italy jut 97 
Italy Jul 97 
Italy Jun to 
III tin Bk Jun to 
Jam Secs Dec 97 
JpmUsa Aw to 
Jsm Usa Auo*2 
jpm l/sa Nov 02 
JvidieAwM 
Jvshe edited Jul <5 
Kblibna Anrll 
Kb Lonsdal Jun 49 
Krta Jul 97 
Kemlra Ov Mar 95 
KkNmwtaenOctto 
Komtnudrm Julto 
KOP Jul 77 
Kep Mav to 
1COP MOV 90 

K0B31- MBvM 
Korea ExchMar 97 
LavoroorsSwto 
Lkb AUBtB 
Lkb Feb 03 
Lkb Oct 02 
Uovossi Jun 49 
LIcvCS i3 Nov 47 
l lavas s3 Aug 4* 
MatoyslaAw 15 
NtotevslaDKOT 
Malaysia Oct as 
Man hob Ts Apr 77 
MamianJal(7 
Marmld FHlOCtM 
MannMineMar99 
Maraud no oecu 
Marmia no Dec or 
Mann Id Na See to 
escarp Nov 77 
Mellon Bk Jul 94 
Melylnc May ID 
RSgn Grentofl Jan M 
*6gn GnmlHI Pen* 
Mkfl Flnl Mar 9» 

Midland si Jal 49 

Midianas2Sepxf 
Midland S3 dm 4f 
MMwWsWBkSepto 

Mitsui All Jut *7 
Mitsui Called Mar 96 
Mia Bk Den Jim 05 
Muirttot a Sen 18 
Muirfletd a Jun >8 
NaoOcte? 

,NabJid9 Jul 97 
Nat BkConadaJiitto 
MMBkHwtgwJanOO 
NatWaslPerpPera 
NaHanvrkle JutTT 
nationwide Nou to 
Natt Concetto Jaa 01 


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98ft 
99ft 
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San PoutaDMA*-' 4 - 
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SCobOdC 
beat mil Jun ts 
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Secpac Redeem Feb* 
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SW>wiiMl«;pF(«4 
SheonPk juito 
SiwaPic luniC 
Sluwbank Auuto 
Siastunk J Pr Ju* *> 
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saepm nov 1“ 

Sacum Tsi Au j 02 
SecwnTu !«"«„ 
Sou mean BK NOV 77 

Satan ADr tu 

SaamDecTe 

Spam Feb to 
Spam 4 on 96 
Spam Mar *5 
Sna-iMn* Cl 
5 nawi Nov 7« 
SMlnOctCO 
SmnMIEW 76 
boom Ml Dec ft 
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Swam U6ftaOCi°4 
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SpcMn9.76ttm.WPi' °5 
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Spam Min Ox jui v4 
SnudaBOflDstW 

SpmlaC An Sen to 

StfikMse. FcbOl 
SI Bk MwiFeODJ 
SI Bk NS* FCOto 
SI Bk Vk Jun W 
SI Bk Wig Oct 49 
Stand Ch I Jul 47 
Stand Ch3 no* 

Stood Ch 1 Ore 49 
Stand CB 1 jan 49 
state bk 1 ndi Dec 
SwaiJiefm Jui w 
SvdwpilLbDctiM 
SumtFm AwiW 
Saedbonk Febto 
Sawtaank jui 97 
sneaen Jun vs 
Tara wt Aua Aua 9* 

TDkaOiflOcTOCtV/ 
TeiasCoiiK Nov 1 
TatLta juito 

Taka Hk scan 
TonwtiOetc 
Tovoia Mcc -Mw 03 
itotjuieu 
libs Flit Nov 02 
Uksaviaii Scots 
U nibko Jul 08 
vt'n’bk n SJolGO 
— . ••.‘■I .'Am 98 
w/x .* V:u May to 
urban .MtuOcl 90 
Well Forge Apr DO 
wall Farua Feb 97 

Wed Forgo Jul 9 > 

WiRFaroaJiH9s 
MieU Forgo Jun 97 
Well Fmga Sen 96 
wwFanw bo>w 
west lb Cur Mora 
/XMWtOCur MavDJ 
WtstpK.Aua97 
iKesiaae s«>47 
, Ptood Redeemed jwt 97 
WMds-ibi Feb 97 
Voktrama kyAwta 
Young LM Dec *• 
Z-taatlerbk AwiQ 
Z-lataHrbk Aug 02 
ZJaniJrrbK Feb 03 
Z-mndcrtk 66OV03 
ZlroatJufOi 


t* 1 


For mvestmertf mfermation 

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**JRK lAPl— 
'be lallowlng audlo- 
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National Association 
of Securities Dealers 
■nc. are the prices al 
.vhich these securi- 
tie* cuuid nave been 
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SSHI 


International Herald Tribune, Monday , September 27, 1993 


Page 9 


CAPITAL MARK ETS 

Russia and GATT Keep 
Hanging Over the Markets 


By Cari Gewirtz 

Imenaatmal Herald Tribune 


A vear’s ehnr^“ n J , vumeraDle markets are after this 

stage for^t^d aWa ?' tf* fro* and setting the. 

iw! bas f d resumption u> the advance. 

While Boris N Yelffind 501 ' bowever ’ 10 ^«ugn interpretation, 
songreto. nms, at Teast dectlon for a new 


, ^ m ■ — » UUL&l 

thcsn. wanness about develop- " 

™l^^ aw ^ arew - A Urufiuay Round 

rent uncertainty capable of roil- , , , ' 

mg markets. breakdown would 

Another source of potential j s.. „ 
instability is the Dec. 15 dead- Undermine 

Une for completing the Uruguay confi den ce.* 

Round of world trade talks. 

These negotiations are already ~ " 

tvro years beyond the date originally set for completion. A contin- 
ued unpasse might lead to a further extension. But a breakdown of 
the talks looks also to be a possibility— one that analysts say is not 
yet factored into financial asset prices. 

‘The idea that a failure to reach agreement means ah outb reak of 
a trade war is much exaggerated,” says Jonathan Wflmot at CS First 
Bost on i n London. Nevertheless, he adds, a breakdown would 
undermine confidence and upset markets.” 

L N orbert Walter at Deutsche B ank in Frankfurt agreed that a 
breakdown “would obviously hurt financial markets." The impact, 
he warns, would be uneven, with European markets inking a heavier 
hit than those in North America. 

While Germany appears to be the most exposed to Russian 
problems, in terms of proximity and relations, last week’s experi- 
ence demonstrated that it is professional traders rather than inves- 
tors who are the most jittery. 

The sell-off in the German bond market, which drove up the yield 
on 10-year government paper by 0.125 percentage print . to 623 
percent, reflected activity in the futures market rather than eriHng 
in the cash market It remains to be seen how these positions in the 
futures market will be settled, whether bonds are actually delivered, 
before it is clear whether the mood in the German bond market has 
really changed. 

First indications would seem to signal no change. Frankfurt 
bankers noted that the w eakening in bond prices and the weakness 
in the Deutsche mark were seen by Japanese investors as an 
opportunity to buy cheap. Bankers noted that demand from East 
Asia accounted for one-third of the placement of the 1 billion DM 
of 10-year bonds offered by SQdwest Landesbank. The yield of 6.3 
percent is nearly a percentage point more than can be earned on 
comparably rated U.S. dollar paper. 

Overall for the third quarter, the Deutsche mark recaptured its 

See MARKETS, Page 11 



THE TRIB INDEX 

International Herald Tribune World Stock Index, composed 
of 230 Wematfonafly invariable stocks from 20 countries, 
compfled by Bloomberg Business News. 

Week ending September 24, daily dosings. Jan. 1982 = 100. 

, World Index HjHEB IOC 


109 — 


107 -T V - — - — — : 

ins -■ auJto * ■ • ■■ 

105 F M T W T F 




North America J 




w ■■ ■. . ■■ ■ : . r . r.\ .:<*« 

84 

03 Sk - 


F M T W T F 


F M T W T F 


Industrial Seetors/Weekend dose 
msa anno * 


anus amw 


Enerav 106.15105.00 +<M4 Capit al Goods 101^3102L99 -UH_ 

uuiwes 111.45 113.0B -1.44 Raw Materials 101^1 104^6 -Z2B 

Finance 114^0 118.43 -3-07 Consumer Good a B36 3X47 -1.01_ 

Services 11534 11 5^1 -&4* Mteoeflanewa H»a7P 110.07 -124 

7?w index hades U.S. do/tar values of stocks ov Tokyo, New York, 
Aulria, Belgium, C mda. Pyn wlc. 

Finland? France, Germany, Hong K ong, 

7ani«nrt Ndtwbv Singapore, Spain, Sweden and Switzerland. tn 
tha rasa of Tokyo. New Vtorir and Loncfen, the mdex is composed of 

countries, the ten top stocks are tracked. 

_ eintemafcnal Herald Trtuna 


CURRENCY RATES 


Cross Ratos 

I C DM. 

sssr a iS s 

.IS - 5 

Madrid D2» WW gg 
Ninon »« 

New York lt») — l3 * B - 


sept 24 


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S m2* mS «»* u* «*• £L‘ 

S mS WO BM Uffl «»■» W* 

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£ £• S S:» ££ 

«« um* am ue* w- 

JSS SS m ™ ma-o* 

■ Br - 


new in* . uu * *■— 1 ■ 

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tSE?- BUS '»■*' 11451 UI75 oa«*' u» Uffi*- us* 

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WB1W CvfTtac/ Pjr* cbtoct s ^ fclttr.ww 80U0 

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2 aa Z:"* a ‘ I S In*.™*** SSSIo wuo Turtirtitra nna. 

ftradl cnn ifUd c UOfl motaq UAB (Ur&om 1072 

Cninm won UWO 13W* w» 

SSTwow «« sSSJSr •-■j* - JS 
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twrawr lean lawn ^*^222* wsas iiwn 

5*^^^ \Sa > -* c? _?^ 4 * aaft I— W1I ewwi ijMwa 

*n* r4««^;-.^jrSrXT7W.- 


EC Aides 

Glimpse 

Recovery 

IMF Hears Talk 
Of Lower Bates 


WASHINGTON — European 

financial leaders expressed confi- 
dence Sunday that Europe’s reces- 
sion was turning into recovery and 
ihey saw ihe possibility of a dedme 
in interest rates. 

In speeches to the Interim Com- 
mittee of the International Mone- 
tary Fond, and in other comments, 
European finance ministers said 
they believed the worst was over. 

Germany’s finance minister, 
Theo Waigd, said Europe, like Ja- 
pan, was roll stagnating and recov- 
ery in Britain and North America 
was slower than had been hoped. 

But underlying conditions were 
imp roving, he sod, with industrial 
nations’ inflation at its lowest level 
in 20 yearn. Major powers had also 
acknowledged the need for fiscal 
consolidation and structu ral reform. 

“In Europe, this will enable 
us. . .to broaden the monetary 
scope for continuing the policy of a 
gradual reduction in short-term in- 
terest rates,’' he told the Interim 
Committee. 

Italy’s finance minister, Piero 
Barucri. said: “In Europe, with the 
decline of inflationary pressures, 
there appears to be same room for 
further earing of monetary policy 
tosappon the recovery of econom- 
ic activity.” 

The Bank of Italy governor, An- 
tonio Fazio, con firmin g the sever- 
ity of the employment problem, 
said Italy would lose 400.000 to 
500.000 jobs in 1993. 

The French economy minister, 
Edmond Alp handily, said: “We are 
at the bottom of the recession. It is 
possible that we are going to see a 
scenario of coming out of crisis in 


QVC Bid: Worth a Look? 

Diller Presses Paramount to Consider It 


By Geraldine Fabrikant 

Tic*> York Tuna Service 

NEW YORK — Barry Diller, chair man of QVC 
Network Inc, on Sunday stepped up the pressure 
on the board of Paramount Communications Inc. 
to consider QVCs takeover offer in preference to 
the initial offer from Viacom Inc. 

The Paramount board is to meet Monday, and 
the 15 directors were already feelin g pressure to 
look at the competing bid, now worth 59.9 billion, 
if for no other reason than it could be worth $2.1 
billion mare to Paramount’s shareholders than 
Viacom's offer. 

Viacom's $82 trillion bid has tumbled in value to 
57.8 billion because of a fall in Viacom’s stock. 

“It would appear reckless for the board not to 
consider an offer with such a large premium, and 
that is one thing that directors are not allowed to 
be,” said Nell Mmow, a principal at Lens Imx, a 
Washington money management firm. 

Viacom has maintained that the QVC bid is not 
a real bid that Par am ount ought to consider be- 
cause it is contingent on QVCs raising 52 billion in 
cash to complete the deal 

The Paramount- Viacom merger agreement stip- 
ulates that Paramount may consider unsolicited 


(rids, as long as they are not conditioned upon 
getting financing. 

But Mr. Diller said Sunday in a letter to Martin 
Sl Davis, the Paramount chairman, that the QVC 
offer “is not subject to any condition with respect 
to financing.’ 7 

Mr. Diller added: “There is no question as to the 
financing of the QVC offer. We have commitment 
for51 btihon of new equity. We have the assurance 
of Allen & Co. that the financing for our offer is 
available." Allen & Co. is a Wall Street investment 
firm headed by Herbert Allen. 

Although several executives and advisers dose to 
Paramount have said in recent days that the board 
was dodk, at least two other executives with knowl- 
edge of the board said they understood perhaps as 
many as four members had been unhappy with 
Paramount’s stock performance ever the last year. 

They pointed to James A. Pattison. a Canadian 
entrepreneur, as one of those who had complained. 

QVC stock fell $1 a share Friday, to dose at 
560.75 in Nasdaq trading. Paramount’s stock also 
dropped, by $125, to 575.625, on the New York 
Stock Exchange. Both classes of Viacom's stock 
rose on the American Stock Exchange: class A was 
up 615 cents, to S60JS75, and class B gained 87.5 
cents, to 556.125. 


China Freezes 
Investment in 
Securities Funds 


Or Can Viacom Reverse the Deal? 


the next few 


By Floyd Norris 

Alim York Times Service 

NEW YORK — When almost 
everyone cm Wall Street seems 
certain of something, one thing is 
likely: Those who follow that 
wisdom wiD overpay. 

So it is now, m the great take- 
over battle feu Paramount Com- 
munications. Wall Street is sure 
Paramount (annual revenue 542 
billion) will be taken over. The 
question is whether the buyer 
will be Viacom ($ 1 .9 billion reve- 
nue) or QVC (512 billion). 

The very fact that eveiyone 
accepts the idea that one of the 
smaBer operations win swallow 
the larger shows just how easy .it 
Is to get credit, at least if you're 


in cable, one of Wall Street's cur- 
rent darlings 

Most of the compensation in 
these deals is slock, of which more 
can always be printed, but there is 
also cash QVC whose business is 
peddling stuff on a cable channel, 
has a bode value of $528 million, 
but plans to pay 53.6 trillion in 
cash. It has lined up SI billion of 
that and is outraged at sugges- 
tions it aright have any trouble 
borrowing the rest 

Paramount wants to be ac- 
quired by Viacom, whose offer is 
now worth 565.70 a share, well 
under the $8425 current value of 
QVCs bid. So, most everyone 
believes, either Viacom wiD pay 
more or QVC null win. 


But, as Paramount surely re- 
calls, high bidders can lose. In 
1989 it tried to bust up the Time 
Warner merger by offering to 
buy Time. Tnoe is no doubt that 
Time's shareholders would have 
leapt at the opportunity, but they 
never got a chance. Time and 
Warner converted a planned ex- 
change of stock to a cash pur- 
chase of Warner by Tune, and 
the Delaware courts said that 
was fine because Time had a 
strategic plan in place. 

“It’s called the backfield-in 
motion-doctrine,” says Max 
Holmes, the director of junk 
bond research at Salomon Broth- 

See REVERSE, Page 12 


Bkunnbag Businas .Von 

BEIJING — China's central 
bank has frozen all approvals for 
stock and braid investment funds 
this year as pan of its battle to cool 
overheated growth, the official Chi- 
na Daily reported Sunday. 

The People's Bank of China 
scrapped approval of a plan that 
would have allowed investment 
funds to raise 3 billion yuan (S520 
million) this year, a bank official 
was quoted as saying. The bank 
also delayed the ustmgs of three 
Shanghai-based investment funds, 
the official said. 

It was not immediately clear 
whether or bow the new order 
might affect foreign participants in 
Chum's infant stock markets. 

China gave the green light in 
1991 to banks and financial organs 
to begin setting up funds for stock 
and corporate bond investment. 
There are now 50 Chinese invest- 
ment funds worth 4.5 billion yuan, 
the newspaper said. 

Securities regulators hoped that 
pooling investors resources in the 
hands of h anks and financial or- 
gans who sponsored the funds 
would make markets in Shanghai 
and Shenzhen less volatile. 

Now, the funds are to be strictly 
controlled because they have chan- 
neled too large a proportion of indi- 
viduals' bank savings into equities 
and bonds, causing economic over- 
heating. the official toid the paper. 

“The country will launch a mas- 
rive program to standardize exist- 
ing investment funds,” the paper 
quoted the official saying. 

Regulations on who is qualified 
to sponsor an investment fund and 
their responsibilities to their inves- 
tors have only just been drafted 
and are yet to be approved, tbe 
paper said. 


in France." 


■ GATT Solution Seen 

There are ways to resolve the 
impasse between the European 
Community and United States over 
agricultural subsidies, the GATT 
direct OT-general, Peter Sutherland, 
said Sunday in Washington. 

U.S: Trade Representative 
Mickey Kant or and Sir Leon Brit- 
tan, EC trade cranmisiooer. are 
meeting on Monday. 

Mr. Sutherland said one com- 
promise would be for France, 
which has been adamant against 
catting agricultural subsidies, to be 
offered some concessions in a ride 
letter to the Blair House EC-U.S. 
agreement, leaving tbe text of the 
accord unchanged. 

The dispute has stalled the sev- 
en-year-old Uruguay Round of 
trade negotiations. 

In France, there have been signs 
that politicians might be softening, 
their stance. “We don’t want a cri- 
sis either in Europe or in interna- 
tional trade,” Prime Minister 


Iran and Kuwait Unbending on Output 

2 Producers ’ Demands Stymie OPEC’s Effort to Buoy Prices 


By Youssef M. Ibrahim 

iVew York Tbna Service 

. GENEVA— O0 ministers of the 
Organization of Petroleum Export- 
ing Countries, seeking ways of 
boosting oil prices, remained sty- 


hasbeen largely ignored by Iran and oil production even though this is a “Our primary objective, there- 
Kuwait, as weO as by Nigeria and cartel that is looking at very low oil fore, must now be to recover our 
the United Arab Emirates. prices. It’s giving the impression lost credibility in tbe market place 


Tbe second day of talks in Gene- 
va on Sunday was given over to 
intense bilateral discussions in oil 


nried Sunday by inflexible do- m i n iste r s' suites at the Inlerconti- 
mands from two Gulf producers, nental Hotel. The most evident de- 
Iran and Kuwait, for bigger shares vdopment was that a sense of panic 


of OPEC’s total oil outpnL was spreading among the 12 mem- 

These demands cannot be recon- bers of tbe cartel; this devdop- 
dled with the cartel’s overall desire ment, in the view of several ofn- 
io diminish the quantities of avail- rials, will almost certainly lead to 
able oil on world markets inunedi- an attempt to keep a common front 
atdy, driven by the certainty that, by reaching some accord. 


trade negotiations. failure to do so will entail a price 

In France, there have been signs crash in the next few months, 
that politicians might be softening. Oil prices have fallen by S3 a 
their stance. “We don't want a cn- barrel since June under the impact 
sis either in Europe or in interna- of overall OPEC production esti- 
tional trade,” Prime Minister mated at 24.7 mflban barrels a day, 
Edouard Balladnr said on Sunday. ‘ at least one miffion bands above the 
(AFP. Reuters) carters official ceiling. This ceiling 


prices. It’s giving the impression lost credibility in the market place 
they can’t do anything about it,” and that means redoubling our ef- 
said Gary Ross, president and chief forts in the direction of compli- 
exccutive of Petroleum Industry once” with output quotas, he said. 
Research Associates, based in New Some senior OPEC officials said 

York. Sunday night that Iran, which is 

“If you are the head of a cartel going through a financial crisis, 
and you have very low prices you was eager to compromise. “The Ira- 
arast think about reducing your man minister said this morning he 
supply. Anything else cannot be needed help to reach an accord. I 


called a serious strategy,” Mr. Ross think they badly want one,” said 
said, expressing a widespread feel- one official who asked not to be 
ing among oil industry executives, identified. 

While this perception seems in- Iran is currently pumping as 


oil industry executives, 
is perception seems in- 


Oil industry analysts, however, J wtme uus perception seems m- iran is cunenuy pumping as 
said the market will be watchingfor d^ to be sharedby »nie OPEC i^^imUiOT barrels a day, 
a real cut in OPEC production, not ofliaals, the unilateral need for at least 300,000 above tts allotted 
merely the appearance of an agree- greater revenues by several major quota. It is said to be willing to 
«««_ producers indudine Iran. Kuwait, accept a new “officiar quota of 


ment among the bickering mem- 
bers of the cartel. 

“The bottom line is no one in 
OPEC is talking about cutting their 


oduoers including Iran, Kuwait, accept a new “officiar quota < 
iixdi Arabia, Nigeria and Veaezue- .around 3 5 million barrels a day. 


la has brought an inability to see tbe 
wider goal of better prices for aO. 


Saudi Arabia has continued, 
however, to refuse any reduction in 


Guangzhou Notebook 


Builders Reach for the Sky 


“The market perceives OPEC to its current quota of 8 million bar- 
be an o rganiza tion under siege by rels a day to accommodate other 
its own membership,” Gabon's oB OPEC members, with the net result 
minister. Jean Ping, said in a that any OPEC decisions here may 
speech Saturday at the opening ses- leave actual oO production as out « 


Only one of (be China’s invest- 
ment funds, Shandong Province's 
Zibo Fund, is listed. More than 40 
investment funds, involving 10 bil- 
lion yuan, are awaiting central 
bank approval, the paper said. 

Tbe official told the paper the 
central bonk would probably give 
approval to some investment funds 
next year as the finanriof situation 
improves and many of these will be 
listed domestically. 

“Listing these standardized 
funds will play an important role in 
the stabilization of the stock mar- 
ket since funds are usually engaged 
in kmg-term investment instead of 
short-term speculation.” the paper 
quoted the official as saying. 

■ Steel Prices Falling 

Steel prices in China are expect- 
ed to fall 15 percent below current 
levels by* the end of this year as the 
government tightens credit and 
halts illicit construction projects, 
the China Daily said. 

Since the deputy prime minister. 
Zhu Rongji, brought in measures to 
cool unbridled economic growth in 
July, imported steel has piled up on 
docks and unused stock has begun 
to clog the nation's steel factories, 
an official from the Ministry of 
Internal Trade told the paper. 

Steel prices could fall to 3,000 
yuan a ion by the end of the year, 
from 3.550 yuan at present, the 
paper quoted the official as saying. 
Steel prices ore already declining. 

The decline in steel prices is bad 
news for international metals mar- 
kets. Until recently, Chinese de- 
mand for steel had buoyed interna- 
tional prices during the current 
global slump, foreign sled traders 
in Beijing say. 


Russia Defends 
Rubleby Selling 
$250 Million 

CtmptfedtyOvrStcffFkim Dispatcher- 

MOSCOW — Russia’s cen- 
tral bank sold about 5250 mil- 
lion in the Moscow exchange 
markets over the last three 
days to prevent a “catastroph- 
ic” drop in the ruble. Interfax 
news agency reported. 

Alexander Khandniyev, the 
bank's vice-president, said the 
situation was now under con- 
trol but could have been “cata- 
strophic” without interven- 
tion. The Russian currency 
lost 25 percent of its value 
against the dollar in tbe course 
of the three days. 

Separately, the RLA news 
agency said Sunday that the 
central bank has' slopped 
granting low-interest loans 
which have been blamed for 
stoking inflation. The agency 
said that credits would be 
granted only at the discount 
rate, currently set at 180 per^ 
cent. I AFP. Reuters) 


sion of the talks. 


control as it has been for months. 


Wreckers hardly pnll down ramshackle build- 
ings fast enough to make way for concrete towers 
erected in their place. Traffic gridlock approaches 
as waves of bicycles, luxury cars and overladen 

^And no one thronging ne^^Mjed stores wor- 
ries much about urban inflation, cutting 23 percent 
in July — their incomes grew faster stuL 

Welcome to Guangzhou, the capital of Guang- 
dong province. It is a province where wildfire 
economic growth is transfonomg the lives of 60 
mflH on people and provincial leaders expect to 
catch up with such industrial economies as Malay- 
sia, Taiwan and Korea within seven years. 

China’s paramount leader, Deng Xiaoping, him- 
self gave the nod to Guangdong’s modus operand] 
in January 1992, a move many analysis credit for 
i gnitin g an economic boom Beying now struggles 
to control 

But, while reformers point to Guangdong’s 
amazing economic reforms and potent mix of 
cheap labor and foreign investment as China's 
development model, it is bard to know exactly 
where tbe 80-story Sky Central Plaza fits into the 
national agenda. 

Due for completion in 3996, the 402-meier 
(1,314-root) office and residential complex in 
Guangzhou is said to be the tallest in Aria, 283 
meters taller than its nearest rival in Hong Kong. 

The joint venture developers — Knmagai Garni 
(HKL Shell Electric Manufacturing (Holdings) 
and Ringo Trading Lid. — evidently are counting 
oc Guangdong’s boom continuing. They wiS have 
286,000 square meters (3.08 million square feet) of 
space to rent within two years. 

WlWn Take the Plunge? 

Gordon Wu’s Hopewell Holdings Ltd. was ope 


V* fcUV ww. 

to test the waters in Guangdong. Now, due to 
heavy rains and other delays to a major highway 
project, Mr. Wu may be taking* bath. 

The superhigh- 

Mr. .Wu, as he^mised^st year, will have to take 
a dip in Hdog Kong’s harbor. 

“It’s a long way off yet,” said John Pinkd, an 
analyst with H.G. Aria Securities in Hong Kong, 
speaking of the 120 kilometer (74-mile) highway 
baking three of the province’s hottest growth ar- 
eas. “Some of the most difficult sections and 
bridges have yet to be built,” he said. 

. It is difficult to say winch is the worse prospect 
for the Hopewell managing director, immersing 
himself in Hong Kong's fetid waters, or missing 


himself in Hong 
out on an early 
dong province. 


;’s fetid waters, or missing 
letion bonus from Guang- 


Every month the toUway is completed and oper- 
ating before a June 1994 deadline. Hopewell gets 
lo keep the revenues. Worse than swimming, 
though, are harsh financial penalties for missing 
the completion date. 

Breaking More Bowls 

If Yin Yao-tang succeeds at his task, the sound 
of breaking “iron rice bowls” will spread from 
Shenzhen. C hina 's economic reform incubator, 
throughout tbe country’s vast civil service. 

Nowhere in China was the guarantee of a job for 
life, cradle-to-grave benefits and subsidized hous- 
ing more iron-clad than in its many layers of 
bureaucracy. Nor were there many places where 
more workers held their jobs through political 
connections than achievement. 

However, Mr. Yin, the deputy chief of the 
Shenzhen munidpal government's personnel bu- 
reau, is supervising reforms that have professional- 
ized and raised the pay of local avB servants while 
trimming their numbers. 

“People had old ideas about thdr jobs," Mr. Yin 
said of reforms that started slowly in two munici- 
pal government departments in 1988 before enact- 
ment throughout Shenzhen, a special economic 
zone just across tbe border from Hong Kong. “It 
was difficult to bring in changes because people 
have thought about the civil service the same way 
for a few thousand years." 

Tbe dramatic changes include new civil-service 
entrance exams, on-tbe-job performance assess- 
ment and promotions based on merit rather than 
seniority or Communist Party connections. 

Chil savants in Shenzhen are also prohibited 
from having second jobs, owning side burin esses 
or having dose relatives in businesses areas under 
their supervision. Nor can senior officials play the 
local stock market. 

Success in improving the quality of the civil 
service in the midst of one of the country’s fastest- 
paced boon towns, with all or its obvious ga-rich- 
quick opportunities, has drawn considerable atten- 
tion from other cities and provinces, struggling to 
keep up with China’s rapid reforms in other sectors. 

The northern industrial city of Harbin has fol- 
lowed Shenzhen's lead and Beijing is poshing new 
national legislation forward to rrfoim the aril 
service. 

“The reforms will be in place across China 
within five years,** said Mr. Ym, who recently met 
with seven out-of-town delegations seeking reform 
lips in one day. 

Kevin Morphy 


When gold must do more than glitter 


Omega Speedmasier Automatic. 
Chronograph with date, in IS k gold. 

. Scratch- resistant sapphire crystal, 

ftk Water-resistant. 

Iflilik. Swiss made since 1848. 












OMEGA 

The sign of excellence 


■J *“•**■• ‘-.i 






Page 10 


NASDAQ NATIONAL MARKET 


OTC Consolidated trading far week 
ended Friday. Sept. 24. 

Sales m Net 

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Amt ran 
Amfrol .10e J 
Amvests 
Amvlta 

AmS^fc J2 IJ 
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AndrGr 

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AMvTOO t 
Andrewi 
Andros 
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Artec 
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AbPMC AO 
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ABIOKlS 

ArtCartxi 

Abril mu 

ApUlHar 

AbMSte . 

Araosn 

Aromriun 

Arbor 

ArborHI 

AiDrNTi 

ArchCm 

Aren Pi 

Arctco » jl 

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10% - % 
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BirdMd 
Bfrldtr 
BOsHwk 
BlIcHvrtA 
BlkKwtB 
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BobEyn J7 
BocaRs 
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45721 9% 
1999«H% 
143 4% 
72 6 

4850 6* 
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Bon Tor 

Book Mill 

BwrieB 

Boom rum- 

vIBoonEi 

Banal s 

Borlnd 

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BstnFB 

BOJtTC 

BhrriBC 

BoxEnA 

BoxEnB 

BrodvW 

Brontre 

BmWSv 

Broom 

Brkwtp 

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vIBrendl 

BrrioF 

BrllcV 

Broad N 

BrribdTc 

Bdcstin 

BdwvSey 

Brock 

Brock CS 

B rodS I 

Brooksm 

Brktree 

Brektrt 

BrToai 

Brunos 

BrynMw 

Buckle 

Buffets 

BmwT 

Bull Run 

BumaS 

BorrBr 

BuviRc 

Butlers 

ButlriMf 

Butrev 

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6% 

4% 

5% 

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247 3 2% 2% — * 

913 3* 3* 3* -ft * 

72314 12 12*—% 

393 2* 1% 1*— * 
581 1% 1% 1% -ft * 

1048 2% 2% 2% 

65038% 36% 37* +1* 
153914* 15 15 — I* 

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IJ 2061 18* 17% 18% + * 
1551 9% 8% 9% +1 
272 5 4* 4*- * 

5987 „ * % 

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52920% 19% TO*— % 

1424* 23* 24 + * 

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42092 15* 13 14 — % 

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350 13 12% 13 + % 

141D3 7% 4% 4% — % 

JHe J 21923* 22% 23% 

21418% 15* 18 +1% 

3649 1V.*» 10% 11* 

AO 1A 327937 35* 37 +1* 

-044 A 10010% 9% 9%—* 

627 % % * 

975 8* 8% 8%- % 

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1794 % % % + * 

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2292 7% 7”. 7% — * 

141 7* 7 7% 4- % 

12405 40* 32% 33% —7 
377 5* 5 5 — * 

409214 11V. 12% — % 

5 975 15% 14 IS* +1* 
277 15 14% 14% — % 

2513947* 41% 44* +3* 
174615% 13% 14 — Hi. 
7197 18U 16% 78’i -ftl 
147313% 11% 12 — * 
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2.1 12422 lift* 10% 11% + % 
.9 6732* 31* 31% -ft % 

41415 14* IS + % 

543*20% 19% TO -ft* 
71713 12 V. 12% — * 

449 Itb 1* I* — Ik 
2283 3% I 3% ft * 
2848 9* m 9 -ft % 
19227% 26* 27* + % 
1887 5% 5* 5% -ft * 

38028% 27% 28% +1 


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49717 15% »%— * 

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363 3 2% 3 

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3469 ? 8* 84ft + % 

11119* 18% 19* 

3197 4* 4* «ft 
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395 32% 31% 32 + % 

TOO* 7% 8* t % 

4327 25* 25* -1 

625 8% 7* Mu 

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021 % * ^ 

43010 9* 9%— % 

3549 7* 4% 7% 

1291 7 6% 7 + % 

234* 21* 21*— 2% 

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5134 8% «% 8% + % 

17413* 12* 13* — * 

4449 7 ft* 6 * 

A4 73 199119% 17 19 +1% 

480014* MW 15*- » 

1684 8* 7* 8 — % 

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14231* 30% 31 — * 

372312% 11 12 + * 

1107 4* 4 4 

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1255 9* 0* S%— * 

24512 11% 12 ft % 

241 «% 0* 8*— I 
1922% 21ft 22% + % 

7334 23* 21% 33 -ftl 
32«0 3* 3* 3* 4-1 
3159 3* 3 3% — * 

171 ■ 6 ft + 

99 5% 4% 5 + * 

214 48% 47% 48* +2% 

141 3* 3 1 — % 

2112* 11 ■» 12* + % 

1340 4* 4% 4jt— % 

4922 3* 2t» TOC + tft 

1031 I* % Itb + % 

2 23 23 23 -ftl 

2793 1* N »* + * 

48 22* 21% 22 — * 

122% 22% 22% +1 

_ 9937% 36% 37 -ft % 

J4e 27 1201 9 8* Bft + * 

J5a IA 7218% 17* 17*— * 

33 1.9 240447% 16% 14* — * 

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1570 20ft 10% 19*— * 

4723 6* 6% 6* „ 

1452 1* lib lik— Ik 
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3720 17% 13% 17% +4 
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12102 2% I Pk 

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1233 S% 7* 0 
823616 14 15* -ft % 

531 7 6* 6* 

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335121% 19% 19% — 1* 

5014 Ilk 1% 1. — 

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1192 6 5* 5* 

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742 10% 7ft 10% 

307 10% 17* 10% + % 

269*23 20% 22 +1 

231 % ft % + ft 
7914 46ft 41% 42*— 3% 

107521% 20* 20% 

321810* 17* 17*— * 

427 7% 7 7% — % 

3*2631% 20* 29V) 

32714% 14 14 — * 

3*721% 20* 21% — * 

1J7M17 210 10 10 -ft * 


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214 14* 14 14* -ft * 

310 6% 5% 6% -ft ft 
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212011% 10% 10ft— ft 
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7424 8ft 6ft 7% 4-lft 
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184 7ft ift 7 -ft 
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149 3* 3 3* + ft 

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153810% 17% 10 - ft 
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208216% 15ft 16* + % 
18 1% 1* 1ft 4- * 

1107533% 38 31ft— ft 

41 11842 56% 56ft 57 — ft 
521431% 28ft 31% 4-2ft 
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104411* lf% 11% 4- % 
116 6ft 6% 6% — * 

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575 4% 4% 4ft 4- ft 
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270 4ft 3ft 4 4- ft 

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Cryolite 1153 8% 7ft £ 4- % 

Crvomea 7745 5 4 4% t % 

Cull/iFr 377I10A 3400 37 36 36%—* 

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CumtiFd TO 20 4T3 37* 35* 34% + % 

CuONBk J9t 8.1 9911* TO* 11 4- Vi 

CuroflCX 5258 ift 4ft 5ft— ft 

CurTcn 1625 7% 6% 4ft — ft 

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CygneO 99016* 15* IS*- ft 

C/OnuS 7655 6ft 6% 6ft 

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Cvrk 3981 16% 14% 16* 4-1* 

Cvtti \SB 5ft 4ft 5ft -V ft 

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134125 - 23 23% —1% 

18 B* 8ft 8ft 4- ft 
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129 M 14% 15% + % 
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29421ft 20 21ft- W 

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3542 4% 5ft 6* 4- ft 
219 8% 8V. 6V. — ft 

105 6 5* 5*— ft 

276012 11 lift 4- ft 

47 10121* 20% 21* 

254714% ?3 13* — ft 

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207 2ft 2ft 2ft— % 

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265 5% 4ft 5 4- * 

410 4 M M 
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140615 13ft 14ft * ft 
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332 Aft 5ft 5Tb — ft 
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3045 65 72 84 48 

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365817 15% 16% 4- Vi 

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M IJ 19035 33 33 —2 

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9712 22* 28* 21* J- ft 
369536 34 37ft +ift 


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173 27 25* 25% — % 

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43611% 10* 11 — % 

22 6633* 27 26* -9 ft 

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12201 5 4* 4% + ft 

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442 5% 4 4%— % 

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93 3 2% 7% 

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2636 13ft 13% 13ft— ft 
TW2TO 25 »*— 1* 

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03* 2ft 2ft 2ft— ft 
2J 3290 35* 31% 35% +2% 

1237 6% 6 6 — ft 

2859 6ft Sft ift— % 

3233 12 Ift lift -Hft 
324732% 31* 31ft— % 

1630 Sft 7ft 7ft— % 

J «210ft 10 10ft— ft 

2JJ61 15 13% 13ft- ft 

2» 7 6% 6ft 

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278822ft 21ft 22ft 
21 826 2* 2 2ft— ft 

13 19321% 21 21% + ft 

3.0 23926% 25 25 — ft 

20 »*% 30 30% + ft 

WO T3 12 12ft + ft 
13935 33 35 « 

J 856030 TO% 29*— ft 
1176 4ft 4ft 4ft— ft 
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6015 3% 2ft 3 

177 ft ju %— ft Durkn 
1663 4% TA 4ft — % 1 Durlron 


3627 7% 



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8118% 17% 18*—% 
1041 9% 0% ffb— ft 
15016% 14 14%—% 

a 4ft 3ft 4H + *» 
290)0% 12* 131k + ft 
30 13% 12* 13% 

21 2ft 2 2ft + * 
600214 ft 13% 14ft + ft 
28444 22% 11% If -0ft 
151810% 6% 18 + % 

8386 Sft 5 5%— % 

as io* if +* 
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511 »% f* W -9 * 
180 7% 7% 7% + % 
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139 2ft Ift 2 — ft 
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* I44 ‘^b 15 £ '*£-*. 
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FormBr 2JD IA" -350 K5 •' 
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52 6021 20 '4 20* 

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10221 If* 19*— 1* 
64319 17* 10% + % 

3661 21 10% 20* + % 

754213% 12ft 13 — ft 
428 9 8% 0% — ft 

6935 7 6* 6% 

.9 797927* 26 2*%— ft 

Z7TM 5% 44b 5ft— ft 

3704 15* 13ft 14 —ft 
241 5% 4% 4ft — M 
2286 15 13 13 —1% 

2A 98425% 24* 24*— % 


X) 


ESCORTS & GUIDES 


BELGRAVIA 

ORCHIDS 


LONDON ESCORT AGENCY 

OEDffCAIH ACCEPTS! 24 HR 

071 589 5237 


BELLE EPOCH 

1W ESCORT 5BVKE 


LONDON* PAHS 
071 937 8052 

Gg*Grt*WelcM» 


MERCEDES 

iryjyiN BC0BT A G8MCT 


]| INTERNATIONAL CLASSIFIED fl| 

(Continued From Page 6) 

L0M)0N BfiAZEJAN Escort 

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Esajrt 5enxx 

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■ ■ zuncH • ■ 

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HoateNwfleOn 


COWA ••• AMANDA 


SC08T& CUlOf AG&O. 
FliASE CAji OP - PI 23 14. 


ZUBCH.nN- 
NotoSe &Gnrt5aniic6 
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30 IA 192732% 31 12* +ft 

A0 2J3 151 2D* TO TO 

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11583% U 13% + % 

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36513* 12% 13ft + ft 
18810% 17% 10% + ft 

TO80 29* 30 — ft 

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FCorrlCs IJ» 2 A 307639% 37ft 30% 

FCmcCpflJl 46 8240% 39* 39* 

FCmlBco 283 4ft 4 4ft 

FCrndCplJO 3.1 WlTOtt 32 32% + ft 

FJEsln »1525 24% 24ft 

FJErtat . 2960 6% 6ft 6% + % 

FtFCdPS 36 2J 94317% 15ft 17% +1* 
FFdKYs AS 73 725* 27* 27ft— 1 

FtFOMIc AB 10 178733% 32% 33%—% 
FFdEH A4 29 32316 15 15% 

FFSLOH 690 14% 13 Mft + ft 

FfFdCO JO IA 124 31 29 30% +1% 

FFdLoGS J6 3A 1016* 16ft 14* 

FFdBrud .tea 20 1*4 24 24 +1% 

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FFnclOM ITOfc 23 10754 52 53% 

FtFnCrb M ZB 92TO% 2B 26ft— ft 

FJFnCb AO 2J 8033 18 14 17ft +1 

FfFnlN 100 IJ 3850% «% 57* +1 
FFneWM AQ IJ 47624 23% 23ft— ft 

“ 2® 38% 26* 27% + % 

4TO 73 23 +1 

8 6% 4% 4% + ft 

63a 24 73 

7428* a* a*— 1 

62528* 27* Z7ft-+ ft 


HHOHT 709 4% 5* Sft— ft 

HDVtt 373 4* 3ft 4ft + ft 

HDVtwtB 32 ft ft ft + ft 

HA-LO 174 Sft 4% 5% 

HBO JO 3 417935% 33* 34ft— 1 
HCC Ins 256232% 30% 38ft— 1ft 

HEIMn 2449 4 5 5ft— ft 

HFFnc JO 20 96TO 24% 73 +% 

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HUBCO A* IJ 149024% 24 24% 4- % 

Moen .16 J 29022ft 21* 21*—% 
927 8% 7% 7% — * 
JO IJ 1596 19% lift 19% + % 
26117% 11% 11% 

22 9% 9 9% + % 

95470* ID 10 — ft 
372 4% 3ft 3%— ft 
311ft lift lift 
291 8% 7ft 8 —ft 
341 18 

sn 7% 


ZB 21 


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>042% 71* 12ft + ft 
58913% 13% 13% — ft 
XX 29% 29%—% 
23927% 24% 27% 4- ft 


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131 7% 6% 7 + to 

M lift II 11 — ft 
777 27% 20% 21 + * 

5620ft 26% 27 + % 

163 15% 14% 15% + * 
5SZ7% 26% 27 — % 
1650020% 10* 20* 
111816ft 14% lift + ft 


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93 3* 2 2 — ft 

SO* .1 WOW 17* 18* + % 

07* J 3874 10% 9* 10ft + ft 

At 2A 328725% 24ft 24% 

2347 0% 7lT Mi + ft 
3714% Mft 14ft— ft 
Jle IA 614% M% 14% + ft 
Z1HI7* 9% 10% + ft 
JO <1 23182% 12% 12%— ft 
714 70 V* IS 

209 4 3ft 4 

114216% 16 16% 

JO A 39435% 33* 35 
20 U 73 11% 70 10 — 1% 

AO 28 35321 20 20% 

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2091 73* 72ft 73* +1% 
4790 2* 2ft 2% + ft 
147371* 20% 21ft + ft 
392423* 22 22%—% 

J 16815 13* 14*— ft 

15514% 13% M — ft 
1697315 13% 14 + % 

8 MIRIM 12% 13ft ♦ ft 
4A 477 26* 25% 24U— ft 
IA 2955 11 15% 17% +1% 

196922 21 21% -ft 

8 591122 20% 21% + ft 


m 


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A4 48 499010* 9ft 9ft- ft 
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150 7ft 7 7 —ft 

516315 Mft Mft— ft 
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il 

* 4 

A 


■ -*. 
-.X 








r-i 

x 

Li 


7 . -A'-. 


L 


m. 

m 


Issuer 

suesvitettes 

Amount 

(mffllons) 

Mat 

ftratn 

% Moe 

Price 

and 

week 

Terms 

rioaUng Rat* Notes * — 

lavor© (Hong Kong) 

9/0 

2003 

0.1875 10014 


Mow 6-monrti Ubgr, Mnimw Mferad 5K%» maximal I OX. 
tarffarad of 100.15. NomxiaUer subordbaKd notes. Fungi, 
hfe with outtontfing iaue, reding total to $223 miiuu. Pea 
&3K. (Morgan Storiey tail) 

Society 

$50 

1995 

0JK 

100 

— 

Orer 3*north Libor. Nenafcftlo. Fees OJBBXl Denontoo 
hon SWUm (Fuji Ul ffnamj 

Stockholm 

$220 

1997 

Kbor 

99.55 

— 

Interest imH be ihe 3-montfi Ubor flat Nocalable. Fees 0.1 5%. 

Swedbank 

$150 

pwpt 

1 H 

9994 

— 

lateral al be IK over 6-monrti Libor until 1998, thereafter 
1<0 Mr. CaOabte « per from 1998. Foe* 1%. Dmominaliore 
510,000. {j>. Morgen Stovriti*) 

Cacse Central® de 
f - CrfidiUmmobflier 

£116 

1998 

Vr 

99.574 

— 

Ow 3-nonlh Libor. Nowak*)*. Fms 0.20%, Sanud Morv 
' toguj 

Bayerische 

Hypatheken 

a 100 

2003 

OL30 

m 

— 

■motown 9%. NowaSabfe: Fees 050%, [Morn! Lynch Ira'L) 

Credito Hofiano Hong 
Kong 

a loo 

2003 

Va 

9914 


Betow 6-month Banker* Acceptance*. Mtiwtwm interact 7%, 
maximum UHL Noncdlofafe. Fee* 050% [Kidder, Peabody 
Wl) 

Prudential Funding 
Corp. 

CS150 

2003 

Ojo 

99m 

— 

Beksw Smondi Barken Acceptances. Minimum intaresl 6% 
■noMmuin 9Hl% Nonadtobfe. Fee* 050% (Dwedie BoiL) 

Toronhj-Doniinicm 

Bonk (Cayman) 

a loo 

2003 

Ojo 

9916 

— 

Batow 3-month Banker* Acceptances. Mnmwn interest fi4% 
nradmum 9% Nonadtobte. Fms 050% (Kidder, Peabody 

Takashimaya 

v 10,000 

1998 

0.275 

100 

— 

Oror 3mv»th Libor. NonooNoble. Fees 075% DenomimVions 
10 tieLfion yen. Banwa Ull 

Fixed-Coupons 

Axa SA de Cv 

$75 

1998 

BV* 

99.72 

— 

Semianmwfly. Noncoloble. Fms 1% (Swiss Bank Corp.) 

Banco de Boston 

$70 

2001 

8 

99.947 

— 

Redeemable in 1996. Fees 1% (Solomon Brothers toll} 

Banco Cr6dfr 

Lyonrkss Euro- 
Securities 

$70 

1996 

Th 

100 

— 

Senucmnwiy. Nonmflabte. Fms 1U% (Crfefit Lyaweto) 

Companhia Hering 
Brazil 

$40 

1996 

10tt 

9870 

— ■ 

SemianavaBy. hloncodabte. Fms 1K% Denominations 
510.000 (ABN Amro BankJ 

Companhia Suzano 
de Papef e Celuk»e 

$80 

2001 

10U 

99.304 

- — ' 

SennonnuaHy. Redeemable of 9376 in 1996 to yield 065% 

Corporation Ancfina 

de Fomento 

$100 

1998 

6tt 

99.95 

— 

Semiannually. NoneaBable. Fees 075% (C5 Rrst Boston.) 

Nordic Investment 
Bank 

$200 

1996 

4% ' 

9979 

9975 

Noncaldbta. Fees 0.1875% (MEtsubid* Finonee Mlj 

Oesterreidhisdie 

Kontroilbank 

$200 

1998 

m 

99 JO 

— 

NonctAable. Fees 075% (Lehman Brothent.) 

Portugal 

$1,000 

2003 

5% 

99.35 

99M 

SemicBinudly. Nonadable. Fees 035% (Men 9 Lynch toll} 

Rabobank Nederland 

$200 

1996 

4% 

99m 

— 

NoncoUde. Fees 01875% Dencmtochcro $10,000 (Gold- 
ncxi Sachs Asia) 

Wal-Mart Stores 

$250 

1998 

5M 

101.165 

9970 

RtoHered at 99 J9. Noncdtobte. Fees 1ft% (GoUmcn Sachs 
Ml) 

Argentina 

Dm 1,000 

1998 

8 

100.90 

99.45 

buffered at 99.15. Ftoncalable. Fes 2% (Deutad» Bonk) 

Hamburgische 

Landesbank 

DM150 

2003 

6M 

101U 




month Libor and due 2008. Naneolobie subottenatad notes. 
Fees 2H% (Triritous & BudkhordL) 

Japan Finance Corp. 
for Municipal 
Enterprise 

DM150 

2003 

6K 

101.525 

— 

Reoffered at 99.10 NonaAdsfe. Fees 1H% (Bank of Tokyo.} 

Leipzig 

DM100 

2003 

6 Va 

101% 

— 

NoneaBable. Fms 2 14% (Bayerische Verakabcmt) 

Suedwestdeutsdie 
Landesbank Capital 
Markets 

DM 1.000 

2003 

6tt 

101-639 

9975 

Reaffared at 99^64. NonaAoble. Fees 219% (Gofcfrnan Sachs 
Ml) 

Japan Development 
Bank 

£200 

2000 

7 

99m 

— 

Noncxioble. Fees 030% (17. Morgan Securitiei.) 

Woolwich Building 
Society 

£75 

2001 

n* 

117725 

— 

NoncafUde- Fungible with outdancing issue, raising told to 
£200 rpiKan. Fees not dedcuJ. Paring BrothenJ 

Abbey Notional 
Treasury Services 

FF 1,000 

1998 

5K 

98.86 

9877 

NoncoSoble. Few 030% (Dfeit Ccmnnrdd .de France.] 

AkaWAkthom 

f&fiOO, 

2003 

m' 

1*725 9a«5 

Reoffered Of 99. ?0. Noncdlabtal Fens 2% pnWt Gommendal 
de FranceJ . 

Caisse Nationale des 

f*Z600 

2005 


99.34 

987 7 




Autoroute 





Oesterreichische 

Pastsparkasse 

of 500 

2003 

6» 

100.55 

99.41 

Beoffernd at 9930 NamaMobln. Few 1% (ABN Amro BankJ 

Rabobank Nederland 

Bf 500 

2001 

6% 

100.85 

9975 

Reoffered at 100.10. Ntontafldble. Fees 1% (Rebobonfc Ne- 
derland] 

Sweden 

ECU 500 

1998 

5% 

100485 

98J5 

Reoflnred at 9846 Noncdtoble. Fees 1W% (Faribw Capitol 
MarkntsJ 

National Bank 
Hungary 

ASd> 7,000 

2000 

8J 4 

700% 

— 

Beoffbrad ar 9B45L Noncdbble. Fees >J5% [Gmxrsdf 
BanfcJ 

World Bank 

C$150 

1998 

6 y* 

100J5 

98*7 

faofferod at 9878. NoncdoUe. Fun^de with oudandtog^ 
issue, rasing total to CS350 iriSon. Few 19B% (Ddwa 

EiropeJ 

National Australia 
Bank 

AiaS 100 

1998 

6» 

101.54 

99.10 

Noncalabin. Fees 2% (Barday* de Zanta WeddL] 

AO Nippon Airways 

Y 20,000 

2000 

4ao 

101 JO 

— 

Reafferod al 100225. Nonodldble. Few 1H% Denonendioni 
10 mittan yen. pfidoo EuropnJ 

All Nippon Airways 

Y 30,000 

2001 

4K 

101.95 

— 

Reoffered at 100275. Nomdtable. Few 2% Denominations 
10 miKon yen. (Nomura totl] 

Itochu finance Europe 

y 5,000 

1997 

3.40 

100% 

— 

NanoolaUn. Few 025% Denomatatiora 10 nelson yen [So- 
kura Fine ace tort) 

Hochu finance Europe 

Y 2,000 

1997 

3fc 

100 M 

— 

Noncdtoble. Fen not duteosed. Denomination* 10 mEan 
yen. [DKB totl) 

Hochu Int'J 

Y 2,000 

1997 


100 70 

— 

NonctAable. Fens not cfadwod. Denominidora 10 nJBon 
yea (DKB tort) 

Itochu Int’I 

v 7,000 

1999 

3.95 

100-35 

— 

NoncaUcde. Fees 035% Denomination* 10 mUicmysa (5a 
kura Raomcn tort) 

Nissho Iwai 

Y 10,000 

1998 

3.90 

101725 


Noncdtoble. Few 1W% Denominottom 10 neBton yen. 
(Somrotort] 

Asian Development 
Bank 

hjc$ 1,000 

2001 

6-52 

100.35 

“ 

t-K$250,000. [Wardtey Lid.) 

Eauttv-LmiMd 

Bangkok Land 

$130 

2003 

open 

100 


Coupon todmated ra <14 to 5% Redeemable in 1996 to yield 
570 to 620% ConuerAte at an expected 7 to 13* premium. 
Terms to be set Sept 30 Fee* 7 WE. (Ddwa EuropeJ 

Katokidii 

$190 

1997 

073 

100 


Noncdtoble. Each $10^00 note with two wananls merds-' 
able into company's shares a* an expected 214% premium. 
Fees 214% Terms to be rat Sept 29. (Nomura Inti) 

Untec 

$70 

1997 

0.S75 

100 


Nenodtobte. Each SI 0.000 note with two warrants exercis- 
able into company's shares at an expeded 2J6% premium. 

. Fees 2JS% Terms to be set Sept 29. (N Bio Europe) 

Shinagawa Fuel 

$150 

1997 

0-625 

100 

" 

NsncoBdtie. Each SIOJOOO note with two warrants exeros- 
chle into, company's shares ot 1,179 yen per share and at 
1Q&55 yw» per doBnr. Fee* 2J4% (Yamoiehi toll Ewopej 

Credit National 

FFl^OO 

2001 

314 

100 


CeBdtte from 1990 Convertile at 730 frwie* per share, a 
im maim. If not converted, notes wi be redeemed eff 
117.12. Issue indodw 780 ndfion franc* offered gtobdly, and 
520 ratten francs to eesttog ihcrehddet*. Few 270%|Soolt- 
MGMrde4 . 



MARKETS: GATT and Russia 

asu-dl as expectations that the car- 


si an ding as the second-mosi-active 

segment of the international bond 
Sbn. displacing the uonWrf 
French franc. Data from Salonen 
Brothers shows overall activity was 
virtually unchanged from the sec- 
ond quarter at the 
SOI. 2 billon. While this is 25pw- 

cent below the record volume of 
bonds launched in the 
of this year, it is 50 percent above 
the year-ago period. 

stages*® 

been the record high- 
The U.S. dollar as rowing;: 

“^KSSSr 

the second quarter. 

This sector has 

decline in tong-tom mterest raw* 


r is poised to .. 

ly. Concern that short-term rates 
<xiuld start to rise once economic 
recovery is firmly established is 
shown by the high perwntage of 
floating rate paper, which account- 
ed for 28 percent of activity in the 

dollar sector. 

Aided by the crisis in the Euro- 
pean Monetary System,, die mark 
S-ained second place, with volume 
of the equivalent of $10.74 bflEou, 
giving it a 12 percent share. The 
mark was trailed Itf the pound, 
with the equivalent of S10.69 bfl- 
lion. 

The yen was In fourth place, ac- 
counting for 10.5 percent of total 
activity. 

The French franc, which had 
been exceptionally active with a 
second-place 15 tenant share of 
s eco nd-quarter activity, fdl back to 

fifth place in the third quarter, with 

a market share of 7 percent. 


Dresdner Rebuffs 
U.S. on Accounts 

Reuters 

WASHINGTON — Dresdner 
Bank's chairman, JOrgea Sarrazm, 
said Sunday that under current con- 
djtigns. he doubted other German 


pie of Daimler-Benz AG and list 
shares US. exchanges. 

Daimler, planning to 1st on the 
New York Stock Exchange, ha? 
agreed to U.S. demands to report its 
earnings according to UJS. account- 
ing principles. But Mr. Sanazin said 
German companies wanted reci- 
procity with US. companies, winch 
are alkwed to list in. Germany using 
their own accounting system. 

^beBeve we are not going to see 
many more to cook after the 
Daimler exercise," he said. 

Daimler, which will fist its shares 
in October, recently published a 
dual set of first-half 1993 accounts. 
Under Goman rales it posted a 
profit wink the US. accounting 
principles revealed a big loss. 



Russia Sows 
New Debate 
On Dollar 

By Carl Gewirtz 

Inlenatanat ffembt Tribune 

PARIS — The dollar was the 
major benefioaiy from the politi- 
cal tuimofl in Russia last week. But 
a n a lysts are sharply divided on 
whether this leaves the currency, 
poised for its long awaited break- 
out against the Deutsche marie or 
riper lor a fresh setback. 

Taking a longterm view, Nor- 
bert Walter of Deutsche Bank in 
Frankfurt said that the drvogent 
economic situations arguing for 
lower interest rates in Europe and 
for higher rates in the United States 
mean the dollar wifi strengthen to 
1.70 DM in three months and 1.80 
DM within a year from its dosing 
level last week of 1.6385 DM. 

Mr. Walter cautioned that "no 
one can forecast what will happen 
in Russia” and whether events 
there will speed or slow the trajec- 
tory of the dollar’s recovery. 

But traders fret that if the dol- 
lar’s 13 percent advance against 
the mark-fast week was aD based on 
wearies about Russia, the Bundes- 
bank will have no trouble turning 
the dollar back. According to this 
view, the German central bank 
would prefer to have the mark as 
strong as possible against the dollar 
so that the mark does not collapse 
when German interest rates are ag- 
gressively eased. 

Traders acknowledge that last 
week there was no sign of the 
Bundesbank selling dollars. 

Dollar optimists, however, note 
that the currency was already trad- 
ing at 1.61 DM, well up on the 
previous week’s floor of 1389 DM, 
before the events in Russia and 
therefore was recovering indepen- 
dently and rapidly. 

Tm inclined to say the dollar is 
about to test 1.70 DM," said a 
Frankfurt-based trader.. "The trend 
is good. Hus is a genuine ami, we Ve 
seen the bottom.” He saw nonresi- 
dents who have massively bought 
DM bends “siting on huge capital 
gams from rising bond prices and 
currency movements” and ready to 
shift from an overweight exposure in 
marks to an underwagbting. 

In between these two camps are 
the doubters. They say that the dol- 
lar has long traded in a range of 
138 to 1.68 DM and that nothing 
dramatic is about to happen. 

"The Russian tensions generated 
a decent rally,” notes Neil MacKin- 
non at Gtibank in London, “but the 
dollar remains range-bound. I could 
see it testing this year's high of 1.75 
DM within three to six months, but 
anything more than that lodes too 
demanding. The further we get into 
1994, the less the growth gap be- 
tween the United States arid Germa- 
ny will favor the dollar.” .. .. 

But with the UJL economic data 
still a gnaimg only doggish growth 
and the Federal Reserve System re- 
porting that it altered its position 
last month from a bias toward tight- 
ening short-term rates to a neutral 
stance. John Hall at UBS Securities 
in London said the.Swiss bank re- 
tains its view that the dollar will he 
trading in the low 130s against die 
mark within three months. 

Simon Crane, an adviser on tech- 
nic?! trends based in London, in- 
sisted that “the bias to the dollar is 
stiD. down.” 


U.S. Tool Orders 
Plunge in August 

The Associated Press 

NEW YORK —Orders for mar 
chine tools made in the United 
States, considered a barometer of- 
future industrial activity, fefl 22 
percent in August from the month 
before, the fourth straight monthly 
decline, a trade group and Sunday. 

The Association For Manufactur- 
ing Technology said August orders 
totaled $1773 mfltion, down from 
$228.3 million in July. Orders to- 
taled $313.7 million in June, $315.8 
nriffiem in May and $3483 million in 
April. August coders improved, 
however, by 11 peromL bom $1603 
minio n in the lib 1 ! month of 1992. 

Orders for machine tools provide 
insight into industrial health be- 
cause they are needed to manufac- 
ture a broad range of products, 
ranging from dishwashers to aircraft 

an gmasL 


Bonds Go Back to Waiting for Data 


Euromarts 

At a Glance 


Eurobond Yields 



SeM3*Sertl7 

YrfaM 

Yr low 

IIXL tone term 

6.1* 

54* 

012 

5Ji 

ujs, s; mam term 

£52 

SJI 

748 

52* 

UJ.S, start term 

440 

451 

69 

653 

Peaeds iterteie 

TM 

7JD 

S3* 

63« 

Preocti francs 

*4* 

6St 

AM 

644 

ItaUmiUre 

m 

U3 

T2.W 

ID 

DonMkreea 

741 

722 

MLB1 

U3 

BwaSsti krona 

ill 

742 

1142 

347 

ecu. low term 

637 

*4* 

844 

6i* 

ECU. mdai urn 

Ut 

667 

842 

*4* 

Cut 

MB 

6J9 

IM 

658 

AttLS 

m 

655 

839 

64* 

KZS 

SSI 

633 

62) 

542 

Ym 

148 

343 

548 

342 


Source: Luxembourg Stock Exehangs. 

Weekly Seles &**.» 

■HwwmiM 

C Mel Enradur 

I Has s NmS 

StnUris IMS 3774B I5UD *7,W 

Convert. »4# - BUS U I 

mm* «a - «h» euo 

ECP 4515711 wax M3UD HUSO 

IBM SL9UN) ZUQMIUBUD 4627,8 

SseaiWarrKUsttt 

CmM Bn-Odeor 

S NmS S NMS 

Strafefctl 87114 ) 2 U 58 J 0 HJWJO XMJ* 

CMVtfL 4MJP* «*» 9M» VI 1.10 

rate 4MBJQ vmnnnuo «juo 

ecp mom tmuo sum xraeao 

Total 2UU3t 3U3UD 465JBJ6 U2SUA 

Sauna: Euradoar, Coon 


Sep*. 24 

1-teMHl .3 ■■eft HMk 
US,S 33/1* 23/K - ■ M 

DMMKHWt te/1* 411/1* *7/1* 

RmUMerUif 4 * J1S/U 

Prenra fnmc n, - Tta n 
ecu n 7WH Tint 

ym sum 2 tm 2?/M 

Sources: Linds Bank Jfevfei* 


Xnfeftr-J&Urr 

NEW YORK — The U.S. 30-year bond is 
unlikely to set new highs over the coming ses- 
sions as technical factors should direct trading 
ahead of the main U3. economic reports to be 
released in eariy October, analysts said. 

Bonds have already priced in as much nega- 
tive economic news as possible, they said. Thus, 
they added, only the major market-movers, 
such as the September nonfann payroll num- 
bers and producer and consumer price indexes, 
can set new trends. 

This was demonstrated Friday with the U.S. 
durable goods orders for AngosL Whik bonds 
■were able to clim b at first on a mere 03 percent 
increase in goods orders excluding transporta- 
tion, the gams were not sustainable with the 
usual selling pressure ahead of the weekend. 

The 635 percent 30-year Treasury due to 
expire in August 2023, slipped 3/32 of a point 
during the week, to 102 24/32. The issue’s yield 
inched up to 6.05 percent The 30-year papa 
ended the previous week at 6.04 percent. 

The two-year Treasury note lost a little 
ground to yield 3.88 percent, up from 3.86 
percent the previous Friday. 


The latest readings of U.S. consumer confi- 
dence by the Conference Board, coming on 
Tuesday, and the University of Michigan, on 
Friday, are not likely to lift the long end of the 
credit market, analysts said. 

“Tuesday’s and Friday’s consumer confi- 
dence readings have been foreshadowed by the 
prciisuBary Univenaty of Michigan data in 

U.S. QfflEDrr MARKETS 

winch fading expectations offset improved cur- 
rent weH-bring.” said David Munro, chief (IS. 
economist at High Frequency Economics. 

The University of Michigan’s index for early 
September was virtually unchanged at 77.4 
from August’s 77 3. While consumer sentiment 
was more upbear for the current conditions, at 
97.9 in eariy September versus August's 95. L, 
there was a maned deterioration m expecta- 
tions, to 643 from 65.8. 

Mr. Munro expected a little more market 
volatility from the National Association of Pnr- 
tember survey of the 


pen the NAPM index to edge up above Au- 
gust's lame 493 percent reading. 1 

James Hale, an economist at MMS Interna-^ 
denial, said he expected the usual quarter-end^ 
pressure to weigh on the long end, toe sector of 
the Treastuy market that recorded the best gain* 
this summer, Funds are unlikely to risk {jutting? 


manufacturing sector, due out on Friday. 
Chances are, though, that the volatility will play 
against the long end since analysts widely ex- 


the last minute in a directionless market. 

“For the past two weeks, we have carved ou£ 
a trading range, and there is nothing to indicate 
that we’ll break out of it next week,” Mr. Hale* 
said. “I don't look for a breakout of this ranges 
until we get the inflation numbers.” * 

The September UJS. producer price index i£ 
scheduled for release Oct. 14 and the consume^ 
price index the following day. ’ 

The PP1 fell 0.6 percent in August but this was; 
due to a 25.6 percent plunge in tobacco prices.* 
Excluding tobacco, the PPI was up 03 percenC 
The August CPI, apparently slow mulching up! 
with the lower tobacco prices, rose 03 percent * 
Mr. Hale expected the CPI to reflect this* 
drop in Sqjtember and give bond yields theu 
good news they need to head back toward their* 
all-time low of 5.843 percent set on Sept 8. * 

a 

A 


Fed Shifted to Neutral Stance in August 


By John M. Berry 

tVasUngroa Past Serrice 

WASHINGTON — Federal Re- 
serve System policymakers unani- 
mously agreed last month that 
there was no need to increase short- 
term interest rates to combat infla- 
tion, according to minutes of an 
Aug. 17 meeting released last week. 

At that session, the policy-making 
group, the Federal Open Market 
Committee, concluded that the US. 
economy was Hkeiy to keep growing 
at a moderate pace and that infla- 
tion appeared to be under control. 

For several months, the group 
had been divided on the need to 
raise rates and had voted to allow 
the Fad chairman, Alan Greenspan, 
to raise them without further cousul- 
i&tion if developments warranted. 


Recent economic reports, includ- 
ing one Friday from the Commerce 
Department that new orders for 
long-lasting goods such as cars, ma- 
drrowy and steel rose 2 percent in 
August, have supported the assess- 
ment of sustained moderate growth. 

The Fed policymakers' move 
back to a neutral position cm rates 
last month suggests that short-term 
interest rates could remain close to 
their present levels for many 
months to come. 

The Fed's 3 percent target for the 
federal funds rate — the interest 
rate fiimnriai institutions charge 
each other for overnight loans — 
has remained the same for more 
than a year. 

Last May, policymakers were di- 
vided over what action, if any. was 


needed to take to deal with what 
appeared to be wors eni ng inflation. 
At that time, nine of (he 12 members 
of the panel voted to adopt a policy 
stance that made it easier for Mr. 
Greenspan to raise rates. 

Two of the members wanted an 
imm ediate increase in interest 
rates, while ooe member said the 
economy was too weak and infla- 
tion was not enough of a problem 
even to lean in the direction of 
higher rates. 

As the spring inflation scare fad- 
ed, the Fed officials began to move 
back to a more neutral position on 
whether rates should be moved up 
or down, though at July's meeting 
of the committee the majority 
agreed not to change the policy 
adopted in May. 


But over the rest of the summed 
evidence mounted that the econo* 
my was not growing strongly and 
the inflation numbers turned b<£ 
nign. As a result, the FOMC, whidj 
includes Mr. Greenspan, the s>» 
other Fed governors and five of the 
12 Federal Reserve bank presia 
dents, officially put its policy bac£ 
in neutral last month. * J 

“For now, the relatively s!o\£ 
economic expansion in the firs£ 
half or the year, the fiscal restraint 
associated with the deficit-reducS 
lion legislation, other obstacles uj 
economic growth, and the encour* 
aging inflation statistics for recent 
months argued against any near* 
term policy adjustment,” the nun* 
uies of the meeting said. 1 


The Week Ahead: World Economic Calendar, Sept. 27-Oct. 1 


A schedule of mis weak's economic and 
financial events, compiled lorthalntama- 
tional Hereto TiBxme by Btoombe/o Busi- 
ness Nbuib. 

Arite-Padllc 

• Sept. 28 Kong Kang Investment 
Focus Ltd. opens two-day nemtnar on 
strategies tor foreign investors m China's 
retail sector. 

Tokyo August targe retailers' restilts. 
Tokyo August oil imports, 
e Sspt. JO Tokyo August industrial 
production. 

• Oat. 1 Tokyo September Tokyo 
consumer price date, and August national 
consumer price dau. 

Eutchni 

• aorao tem o We weak Oslo Sep- 
tember unemployment rata. Forecast: 6.1 
percent, up tram 6£ percent In August 
Copenhagen August unemployment 
rale. Forecast: 12 J percent unchanged 
from July. 

Brussels September unemployment 

rate. Forecast: 14.2 percent up from 14.1 
percent In August 

Bern September unemptoyment rate. 
Forecast: 42 percent up trom 4.7 percent 
In August 

Wiesbaden September preliminary 
cost-oHMng data Forecast Up 0-2 per- 
cent In month and up 4.1 percent hi year. 
Wiesbaden August industrial produc- 
tion. Forecast Unchanged from August 

• Sent. 27 London Jacques do Laro- 
slOra takes over presidency of the Euro- 
pean Bar* lor Reconstruction end Dmt- 
opmenf- 

Essan Economics Minister GOntor Rex- 
rodtto apeak at HWI research institute, 
e Saw*. >8 Paris French govern- 
mart's flveyear employment plan wUl be 
discussed In parliament 
HeWakt August unemptoyment rata. 


Forecast 17.7 percent, up from 17.5 per- 
cent. 

e sept- 28 Boon Cabinet meets to 
discuss government mom to Berlin. 
Konlgswintar Federal association ol the 
German aerospace industry holds annual 
meeting. 

• Sept. 30 Bonn German Newspaper 
pUbMian annual press contorenee: 



Leipzig Oatmtor-Benz'a chiet executive. 
Eifzard Reuter, apatets on Germany's po- 
tential as a tocatton tor industry. 

• Oct. 1 Frankfurt Hans Tietmeyer as- 
sumes presidency of Bundesbank. 

The America* 

■ Sept. 27 Washington National As- 
sociation of Realtors releases adsting- 
homa sales for August. Forecast A de- 
cline ol DA percent lo 195 raOSton units. 
Calgary Canadian Energy Research In- 
stitute wffl host a two-day conference on 
world oil and natural gas markets. 

New York Hearing on three competing 


liquidation plans lor Integrated Re- 
sources Inc.'s real estate holdings. 

New York New York Poet newspaper 
faces a deadline lo show progress in 
reaching a new labor agreement whh Ths 
Newspaper Guild. 

SL Paul, Ml mm tea Trite opens on a 
claim by a unit of Pfizer Inc. that SdMed 
Ufa Systems lnc.'a Rally and Express 
catheters Infringe on its patents. 

Detroit Secretary ol Labor Robert B. 
Raich addresses Economic Club ol De- 
troit 

Chicago Conference s p onsored by the 
National Engineering Consortium fasten- 
Ing new technologtes in communications. 
B ost on Representatives from each of 
Germany's 16 states launch a tour of the 
Unned States to promote Investment. 

• Sept. 28 Washtogton August hous- 
ing starts. 

Montreal Bek Canada to make an an- 
nouncement regarding a restructuring ot 
os operations. 

Ottawa Canada's competition regulator 
will begin hearings on a request by Cana- 
dian Airlines International to withdraw 
from the Gemini reservation system It 
shares with Air Canada. 

New York Electronic Books Conference 
and Expo features new computers, CD- 
ROM, technologies combining content 
and computing. Including speakers from 
300 Co, Sony Corp. and traditional book 
publishers. 

New York National Semiconductor 
Corp.'s president. Gilbert R. Amteto. to 
meet analysts. 

Boston Digital Equipment Cort>.'s presi- 
dent, Robert B. Palmer, speaks about now 
opportunities in tiw industry. 

Orfonrfo, Florida Oracle Cwp. president 
and chief executive Lorry Ellison meets 
with analysts. 

• Sept. 28 Washington Commerce 
Department reports Its final estimate of 
economic growth for the second quarter. 
Foracaat: An increase to on annual rata of 


1.7 percent from a rate ot 06 percent in 
the first quarter. 

Washington Second quarter corporate 
profits. 

Detroit Deadbne tor ratification voting In 
Ford-UAW locals on new contract 
Toronto General Motors ot Canada Lid. 
faces a midnight strike deadline to reach a 
new labor agreement 
Toronto Royal Outch/Shea Chairman 
John Jennings meets with members ol 
the Toronto Society of FlnancM Analysts. 
New York Sony Corp. expected to an- 
nounce several new consumer electron- 
ics products tor shipment later this year. 
Steam, Oregon Hearings on U-S- admin- 
istration's spotted owl proposal. 

San Jose, Caflfomla Two-day confer- 
ence of the computer disk Industry. 

• Sept SO Waah l n flton Initial weekly 
■tote unemptoyment compensation insur- 
ance datote. 

Washington August new home saiee- 
Forecast: A 9.2 percent increase to 
687.000. 

Washington August personal Income, 
and spenefing. Foracaat: Ar 1.1 percent 
me In income and a QA percent increase 
In spending. 

Ottawa mnatfor»-ad]usted gross domes- 
tic product m factor cos (or July. 

Ottawa July employment earnings and 
hours. 

Washington United Parcel Service 
feces a deadline to reach labor agree- 
ment wfth the Teamsters. 

Mount Klsco, New York Trans World 
Airlines Inc. expects to emerge from 
Chapter 11 bankruptcy protection. 
Washington Opening ol twotoay Inter- 
national Conference on Environme nta lly 
Sustainable Development, 
e Oct. f Washington August leading 
Indicators. 

Washington August factory or dara. 
Forecast A 0.7 percent Increase. 

Now York Self-impased deadline lor 
Mercedes-Benz to announce site for U.S. 
plant. 



Compagnie Generate des Etablissements Michelin 

Consolidated Results, 1st half 1993 


The consolidated financial results for the first half-year were sharply down on last year and this was principally due to ihr 
depressed level of economic activity in Europe. With the exception of the United kingdom, die motor vehicle industry in 
each country was particularly affected and compared with the first six months of last year, vehicle production in the first 
six months of 1993 fell by 16% for passenger cars and by 27% for commercial vehicles. 

In Europe, MicheHn tyre deliveries to original equipment customers generally followed the trend in vehicle outpuL After a very sharp drop 
in the first quarter, replacement market sales showed some recovery in the second. 

In North America, the sales recovery which began in 1992 continued in tyre sales lo original equipment during the First half-year. 
Replacement market sales remained flat, however, and trading conditions were extremely competitive. 

Group total sales volume reduced by 7.5% in the period. 

As a consequence, there was a loss of FF 817 million lor the first half of 1993, before charging extraordinary provisions or FF 2,638 million. 
The provisions are to cover the total expenditure to be incurred by Group companies in implementing the Plan for cost reductions 
amounting to FF 3.5 billion, announced last April. Including the extraordinary charge, the total loss was FF 3,455 million. 


Financial Results 

Sales turnover for the first half 1993 was FF 30.62 billion. After 
eliminating the effect of foreign exchange variations this 
represented a fail of 7.9%, dose to the 7.5% drop in sales volume 
over the same period. 

Trading costs were lower by 7%. The most significant change in 
these was in personnel expenses, which represent more than 40% 
of the loud and which, at constant exchange rates, were 3% down 
in the first six months of this year in comparison with the same 
period last year. 

Net financial debt at 30th June, 1993, calculated at constant 
exchange rates, was virtually unchanged from the position one year 
earlier. Eliminating extraordinary charges and the effect of exchange 
fluctuations, net financial charges were reduced by 8% compared 
with first half 1992, aided by lower interest rates. This factor should 
have a greater influence in the second pan of the year. 

Net capital investment in tangible and intangible assets was 
FF 1,144 million and was almost fully covered by funds generated 
from operations, at FF 1,090 million for the first half. 


First half 1993 

Consolidated results, main items 


(FF millions) 

Jan-June 1W3 

Jan-Junc 1992 

Nec Sales 

30.617 

34,804 

Trading proGt 

793 

2,723 

Net financial charges 

(1,459) 

(1378) 

Ordinary profit (loss) 

(666) 

1350 

Extraordinary profit (loss) 

(2,551) 

133 

Depredation of goodwill 

(61) 

(194) 

Tax on profit 

(187) 

(579) 

Equity method consolidation 

10 

21 

Profit (loss) 

(3.455) 

731 

of which: Group 

(3,187) 

320 

Minority interests 

(268) 

t89) 


Profit (loss) before extraordinary 
provisions 

(817) 

731 


Recent trends and 1993 outlook 

It Is as yei too early to speak of a recovery in European tyre marker although the trend in replacement soles during the summer confirmed 
the improvement noted towards the end of the second quaner. Second half prospects look to be more favourable. 

The contribution made by productivity gains that were achieved in 1991 and 1992 proved insufficient to combat the effect of the collapse or 
the European tyre market. For this reason, Michelin announced last April, fresh actions designed to accelerate cost reductions, to eivc a 
further FF 3.5 billion in two years. The principal measures to be taken io reduce employee numbers have been made known in Europe and 
in North America and their total cost, assessed at FF 2.6 billion, has been provisioned in the accounts for the first half-year. ^ 




Page 12 


INTERNATIONAL HERALD TRIBUNE, MONDAY, SEPTEMBER 27, 1993 


Cray Set to Enter 
Parallel Universe 


WORLD STOCKS IN REVIEW 


Reuters 

NEW YORK — Cray Research 
Inc. will unveil Monday its foray 
into die burgeoning world ol mas- 
sively parallel computers, a new 
breed of supercomputers that have 
captured the attention of scientists. 

Massively parallel systems haw 
hundreds or thousands of standard 
mimber-cmnching processors. Tra- 
ditional Cray machines use fewer 
processors and process data in a 
.different way than the new ma- 
. chines. Cray has long dominated the 
s up erc omp uter industry with its tra- 
ditional systems But in the past few 
years, the massively parallel ma- 
chines have won kudos from the 
supercomputing community for 
their impressive speed. 

The official launch of the new 
system, which Cray has named T3D, 
is key to Cray's future and its plans 
to increase sales, analysts said. 

Cray's revenue was little changed 
-at $797.6 million in 1992 and ana- 
lysts said the new model could prop 
up sales as early as nest year. Jeff 
Canin of Salomon Brothers Inc. re- 
cently estimated Cray's revenue 
from the model would account for 
10 to IS percent of sales in 1994. 

Cray recently installed its rust 
prototype at the Pittsburgh Super- 
computing Center. The Pittsburgh 
center will also develop program 
for the modcL The lack of applica- 
tions software, which is abundant 
for the standard Cray machines, 
has held bock widespread accep- 
tance of massively parallel systems. 
■ SEC Targets Oracle 

When an apparently charmed 
front-runner stumbles. " there is a 
sense of the tragic. When the fail is 
examined dosdy. the mood some- 
times shifts to slapstick. That may 
be the case with Oracle Systems 
Corp., the gifted software design 


company that simply could not 
count, Diana B. Henriques of the 
New York Tunes reported. 

Without admitting wrongdoing, 
Oracle agreed Friday to pay a feder- 
al line of $ 100,000 to settle a com- 
plaint by the Securities and Ex- 
change Commission accusing the 
company of numerous accounting 
irregularities in recent years. 

Oracle was a Wall Street darling 
until Aug. 27, 1990, when it dis- 
closed it had seriously miscalculated 
its sales for the five quarters that 
ended on May 31, 1990. On July 9. 
1991. it admitted even more mis- 
takes — all or which it said resulted 
from a lack of internal controls. 

Now, with its stock again soaring, 
Oracle's faithful fans on the Street 
tend to dismiss the past as a mere 
case of “over-aggressive" accounting. 

A very different picture of the 
company's accounting practices 
emerged' from the complaint filed 
Friday by the SEC in U.S. District 
Court in San Francisco. The lapses 
outlined included steps one forensic 
accountant said were “unbelievably 
blatant" — billing for services never 
performed, double- billing and fail- 
ing to deduct sales when equipment 
was returned by customers. 

“These are not gray areas where 
there is some accounting uncertain- 
ty about how to handle it," said 
Howard M. Schiliu accounting prof- 
essoral American University in Wa- 
shington and author of “Finandal 
Shenanigans." a guide to accounting 
ejjnmicks and fraud. “Billing some- 
body for a sale or services that did 
not take place — that's just wrong." 

Jeffrey O. Henley, executive vice 
president and chief financial offi- 
cer or Oracle, noted Friday that the 
SEC had made no accusations of 
fraud or intentional wrongdoing. 


Via Agenea FrancaXwu* 

Amsterdam 

Amsterdam was boosted by a strong dollar 
and recorded a tnodesl rise last week after weath- 
ering effects of the Russian crisis. The CBS All- 
Share index ended the week at 242.4 points, up 
from Iasi week's close of 240.7. 

Royal Dutch and Unilever, which together 
account for SO percent of the total Amsterdam JjQnAmt 
market capitalization, both rose. Royal Dutch 
closed up 3.2Q guilders at 181.90 and Unilever 
3 JO higher at 200. 


SHORT COYER 


sJ 


The index surged 10110 points on Thursday 
but fell 55.95 points on Friday after China lost 
out to Sydney. 

Hong Kong stocks investors appeared to 
brash aside a warning from Deng Xiaoping, 
China's paramount leader, that Beijing could 
take over the British colony before 1997. 


was 


Volume rose to 16.1 billion guilders from 
14.4 billion the previous week. 


Frankfurt 


The Frankfurt stock market was marked by 
worries but not panic over the events in Russia 
and the market as a whole managed a slight 
gain in the course of the week. 

The DAX Index ended the week at 1,885.86 
points, up 0.20 percent from its dose on the 
previous Friday. 

The market started the week on a strong 
note, rising 132 percent on Monday and Tues- 
day after being boosted by a surge in shares of 
Daimler-Benz. Disappointing results for the 
first half were offset by the announcement of 
the company's listing in New York. 

But the Russian crisis drove the market down 
1.71 percent on Wednesday, prompting some 
investors to say the market was ripe for a 
consolidation after a number of solid increases. 
A rebound of 1.24 percent on Thursday was 
followed by a fall of 1.60 percent on Friday. 

Daimler-Benz rose 10 .50 Deutsche marks in 
the course of the week to close at 732 DM and 
Allianz climbed 21 DM to 15 18 DM. Fmandal 
shares were mixed. 

The week’s volume on German stock ex- 
changes rose slightly to 35.97 billion DM from 
billion DM the week before. 


Hong Kong 


Hong Kong shares rose 1.4 percent in volatile 
trading last week which was fueled largely by 
optimism that Beijing would win its bid to host 
the Olympic Games in 2000. 

The blue-chip Hang Seng Index gained 
106.94 points, to close at 7,525.05. 


Shares were slightly depressed Wednesday 
the events in Russia but recovered to show 
lost no change for the week. 

The Financial Times- Stock Exchange 100- 
Share Index fdl 03 pants, to close at 3,0053, 
and dealers said that a resistance point had 
been found at 3,000. 

Nervousness about Russia was balanced by 
news of a lower-than-expected trade deficit for 
Britain with countries outside the European 
Community and by a recovery on the futures 
market. 

Among pharmaceuticals, Glaxo dimbed 10 
pence on ine week to 654 after winning a court 
battle to protect its top-selling anti-ulcer drug 
Zantac, while SmithKline Beecham rose 15 
pence to 42 1 and Wellcome climbed 18 pence to 
714. 

Zeneca fell 15 pence to 710 and Thorn EMI 
fell 48 pence to 922. Dealers cited sales by U.S. 
investors in the case of both companies. 

Milan 

A string of disappointing mid-term company 
results, compounded by worries about Russia, 
caused the Milan market to fall 2 percent last 

The Mibtel Index dosed the week at 10308 
points. 

Olivetti rose 63 percent and Fiat lost 138 
percent during the week. Pirelli shed 5 percent 
after announcing further losses. 

Generali suffered a sharp drop in mid-term 
profit but the share managed to limit the dam- 
age to a fall of only 0.34 percent. 

Para 

The Paris market fell 0.4 percent in reaction 
to the political turmoil in Russia, but analysts 


remained optimistic about longer-term pros- 
pects. 

The CaC 40 Index fell 6.9 points, closing 
Friday at 2,092.60. 

Traders said that the short- term outlook had 
been clouded by publication of plans for 
French taxes, by poor consumer sales and by 
disappointing mid-term results. 

Countering the general pattern, I metal Enr- 
odisney, Michetin and Havas posted solid gains 
during the week. 

Singapore 

The Straits Times Industrial Index 
25.13 points, to 1,98335. in cautious 
while the broader All-Singapore Index rose 6.43 
points, to 51038. 

Concerns about Russian led to some sales 
but dealers also cited profit-taking. 


Tokyo 


Despite a larger- than-ex peeled cut in the 
discount rate, share prices lost ground in Tokyo 
as market players were unsettled by events in 
Moscow and as companies liquidated positions 
at the end of the September accounting period. 

The Nikkei Stock Average of 225 issues 
slipped 8331 pouts, to 20,30733, after falling 
426.94 points in the previous week. 

Shares of electronics and auto companies 
were mixed while brokerage bouses closed 
weaker. Construction companies lost ground 
due to revelations about bribery scandals in- 
volving politicians and contractors. 

Zurich 

A buoyant market in Zurich brushed aside 
concerns about Russia to post solid gains and 
heavy volume, largely due to the strength of the 
dollar. 

The Swiss Performance Index climbed 32.15 
points to 134535. 

Banks finished stronger as Credit Suisse rose 
45 Swiss francs to 2.865 francs. Union Bank of 
Switzerland climbed 26 francs to 1,184 francs 
and Swiss Bank Corp. finned 13 francs to 465 
francs. 

Insurers and chemical companies dosed 
mixed. 


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FOREST: Anxiety in Ecuador SOMAUA: US, Reiterates Stand 


Japan Eases Imports of Rice, Apples 

TOKYO (Combined Dispatches) — Japan will temporarily lift its ban 
on importing rice to make up for the worst domestic harvest in 40 years, 
newspapers reported Sunday. ... . . 

“There will be a cautious approach, so as not to raise the international 
maitet price of rice,” the Japan Ticks saitlquotinggovenunentoffiaals. 

The United States and other rice-producing countries long haw 
pressed Japan to accept their rice. But Japan argues that it must beseif- 
suTfident m its staple food, and Japanese farmers say they could not 
compete with cheaper imported rice. . 

The Yomiuri newspaper said Japan would import 300,000 to 400,000 
tons, mainly of processed or glutinous rice. 

Separately, the U.S. Trade Representative's Office in Washington said 
Japan had agreed to “move expeditiously to open its mantel .to U.S. 
apples. Washington has tried for more than a decade to win Japanese 
market access for U3. apples, but has faced a series of changuig whrucal 
requirements. 

Gulf Airlines Buy Into Indian Carrier 

MANAMA, Bahrain (AP) —Gulf Air and Kuwait Airways arc buying 
a 40 percent stake in the holding company of Jet Airways, one of the new 
private airlines flying in India, Gulf Air said Sunday. 

The companies have each taken a 20 percent stake m Tafl Winds, a 
nonresident Indian company that owns Jet Airways. The rest is held by 
the Jet Airways chairman, Naresh GoyaL 

Jet is among the private carriers that have sprung up to challenge the 
state-owned Indian Airlines, infamous for overbooking, late arrivals and 
surly staff. 

No New Home lor N-Y. Exchanges 

NEW YORK (NIT) —The New York and American stock exchanges 
have «wnelfd a plan to build an enormous new trading complex and 
office tower on wall Street, public and private officials familiar with the 
project have said. 

There was no immediate indication why the exchanges canceled the 
undertaking, as neither would comment on Friday. 

Zimbabwe Shields Newsprint Industry 

HARARE, Zimbabwe (Reuters) —Zimbabwe, which recently opened 
up to imported newsprint as it implements Western-backed economic 
reforms, said Sunday that it was reversing the measure temporarily 
because local companies are threatened with collapse. 

“The newsprint and other industries that are in their infancy are being 
killed by international competition," the industry minister, Cristopher 
Ushcwokunze, was quoted as saying in the state-controlled Sunday Mail- 

Hyundai Leads Chaebols in Revenue 

SEOUL (AFP) — Hyundai Group passed Samsung Group to lead the 
South Korean conglomerates, or chaebols, in revenue in the first half of 
1993, - - - - - * 


For further details 
on bow to place your listing contact: 
PATRICK FALCONER in London 
TeL-(44) 71 836 4802. 

Fax: (44) 712402254 

itcrattSfeSnbunc. 


fklNTCRNATIONALlll | 

BusinessWeek 


A 


This week's topics: 

O Inside The Bundesbank 
O An Interview With Hans Tietmeyer 
O Rethinking IBM 

O European Airlines Crying For Protection 
O Real Estate Jitters Return To Japan 

Now available at your newsstand! 

BusinessWeek International 
14, av d'Oucliy. CH-100G Lausanne Tel. 41-21-617-4411 
For subscriptions call UK 44-628-23431 Hong Kong 852-523-2939 


Continued from Page 1 
mines minister, said in a recent 
interview here. 

According to Unicef, 79 percent 
or Ecuador’s population is consid- 
ered poor, and 39 percent of the 
children under the age of five suffer 
from malnutrition. 

He noted that the country of 1 1 
million people relied ou oil sales for 
half its export earnings and for 62 
percent of its government budget 
Indeed, an aggressive exploration 
drive has made Ecuador a major 
South American oil-exporting na- 
tion. 

A map in Mr. Costa's office 
shows that the country’s Amazon 
region is already largely carpeted 
by oil company exploration and 
productionblocks. 


With most of Ecuador's proven 
reserves in the Amazon, the gov- 
ernment plans to put up for bids in 
January six more Amazon blocks. 

In (he capital, a common piece of 
graffiti — “the oil flows, the forest 
bleeds" — seems to have limited 
resonance. 

In December. Ecuador dropped 
out of the Organization of Petro- 
leum Exporting Countries after the 
cartel tried to impose a production 
quota that was 23 percent below 
the country’s projected output for 
1993. 

Amazon tourism bas doubled 
over the last five years, giving influ- 
ential business people in Quito an 
economic interest in preserving the 
jungle. 


Los* Week’s Markets 

All fieum are at oi close ot trading FrUav 

Stock Indues 


Monoy Ratos 


United 3tOtt» Sept. 24 

Sepl 17 

aree 

Unflitf State* 

Seal. 24 

Sept. 10 

DJ Indus. 

1543.11 

161125 

— 1.94% 

Discount rate 

3X0 

3X0 

DJ UHL 

24842 

254X2 

— 220% 

Prime rate 

6X0 

6X0 

DJ Trans. 

1X3647 

1X21X8 

+ 195% 

Federal funds rate 

2 15/16 

215/16 

SS.P10O 

42176 

42427 

—079% 

Japan 



S8.P500 

457X3 

45883 

—026% 


114 


S & P Ind 

516.16 

51544 

+ ai4% 

Discount 

2Vj 

NYSECp 

25418 

254X6 

-0.19% 

Call manev 

27/16 

213/16 

Britain 

FTSEIOO 

3- month fnlerbonk 

2 7/16 

2*k 

100570 

3X0550 

—0X1% 

Germany 



FT 30 

270970 

2731X0 

—0.94% 

Lombard 

T± 

T* 

Japan 




Call money 

7X0 

7X0 

Nikkei 225 

20708 

20791. 

—041%. 

3-month Interbank 

6X5 

6X5 

Certnuuy 



Britain 



DAX 

1X8SX6 

1XBT.99 

+ 071 « 

Bank base rate 

6X0 

6X0 

Nana Kona 




Call money 

6Va 

5?k 

Hang Sens 

7725X5 

741111 

+ 144% 

3-montti Interbank 

59k 

515/16 

Worm 




Go'S Sect. 34 Sept. 17 

aree 

IWSCIP 

58770 

5MX0 

— 174% 

London pm. flxj 357X0 

351X5 

+ 1X3% 


Continued from Page 1 

oerober — was followed by reports 
that gleeful Somalis had swarmed 
over tire burning wreckage and had 
later paraded through a crowded 
market brandishing sticks bolding 
what they claimed was charred 
flesh. 

The While House condemned 
“the brutality of the warlords” in 
Mogadishu but warned that pulling 
out U.S. forces could erode the 
progress made since President 
George Bush ordered more than 
25,000 U.S. troops to Somalia to 
ensure the delivery of food and 
other relief supplies to a nation 
debilitated by civil war and famine. 

UN officials in Mogadishu said 
that Genera] Mohammed Farrah 
Aidid, the militia leader blamed Tor 
the attack, was stepping up his 
campaign of violence. 

“This attack underscores the 
need to re-establish security in 
Mogadishu to prevent the interna- 
tional humanitarian efforts from 
being undermined,” the While 


House press secretary, Dee Dee 
Myers, said. 

Her statement said that “sub- 
stantial yet fragile progress" had 
been made outside the anarchy of 
Mogadishu. Administration offi- 
cials said that in other regions of 
the country district councils had 
started to reassert local rule and. 
that schools and hospitals had been 
rebuilt and were operating. 

In fact, the fighting has been 
centered in south Mogadishu, 
which is controlled by General Ai- 
did, whom the United Nations 
bolds responsible for dozens of at- 
tacks on UN peacekeepers. 

Fifty-six peacekeeping troops 
have been killed since June, when 
24 Pakistanis were killed in an am- 
bush. The Security Council held 
General Aidid responsible and or- 
dered his arresL 

Since then, he has waged a hit- 
and-run guerrilla war in the streets 
and shattered buildings of Mogadi- 
shu, relying on about 800 militia 
fighters and a network of infor- 
mants and supporters. 



ers Inc. The idea is that an interlop- 
er should not be able to intemipt a 
careful corporate strategy. 

Mr. Holmes notes that Viacom 
and Paramount claim to have been 
talking for four years. That, he 
says, indicates they are thinking 
about invoking the Time ruling by 
having Paramount buy Viacom in- 
stead. 

There ore lots of arguments 
against such a tactic, and structur- 
ing it to avoid. a Paramount share- 
holder vote and to let Viacom's 


(Continued) 


MUTUAL FUNDS 


aw* 


BM Ask 

]8X2 197* 
nsa i*.OT 

III 

1433 15/ 


HWM /nob* From Maroon Stonier Capital Inn. 


Mezzanine Capital Corporation 
Limited 

Notice to the holdups of the Bearer Depositary Receipts (“BDRs") 
evidencing Participating Redeemable Preference Shares of US 1 
cent each ("Shares") of Mezzanine Capita! Corporation Limited 
(the “Company") 

Notice of Annual General Meeting 

NOTICE IS HEREBY GIVEN to (he holders of the BDRs that Chemical 
Bank (Guernsey) Limned ("the Depositary”) has received notice Iran the 
Company that the Annual General Meeting of the members at the 
Company mil be hefd at Capital House Budding, Bath Street St Heher, 
Jersey. Channel Islands on Monday, 18th October. 1933 at 11.00a.m. lor the 
purpose ol eonsfdemg and voting on the following mattere:- 

1. To receive and consxler the Accounts and Balance Sheet and Reports 
of the Directors and Auditors tor the year ended 3tst May. 1993. 

2. To re-appoint Messrs Price Waterhouse as Autfitars at the Company 
and to authorise the Directors to fix their remuneration. 

3 1b transact any other ordinary business which may property be 
transacted at an Annual General Meeting. 

BDR holders hare the right to attend and speak at the Annual General 
Meeting but not themselves to vote thereat BDR bokJere may however 
instruct the Depositary as to the exorcise on their behalf at the voting rights 
attributable to the shares evidenced by the BDRs which they hold. 

Instructions as to voting must be given either DO the Depositary or to a 
Paying Agent. Cede! or Eurodear (a "Paying Agent”) in writing not later 
than Wednesday. 13th October, 1933 and must be accompanied by the 
BDR in respect of the Shares far which such instructions are given. The 
Deposdary or relevant taymg Agent must be satisfied that such BOR ts held 
in a blocked account to ns order until after Monday. 18th October. 1993. 
Voting instruction forms may be obtained from any Paying Agent 

On deposit of a BDR until or do the order of a Paying Agent the holder 

thereof may obtam a recent winch wrii entitle him fa attend and speak at the 

Annual General Meeting. 

BDRs deposited with or fa the order of a Paying Agere win not be 
released until the first to occur of (A) the condusnn of the abovementioned 
meeting or any adjournment thereof or (B) the surrender to the Paying 
AgenL not less than 48 hours before the time tor whch such meeting or any 
adjournment thereof is converted, of the receipt issued by the Paying Agent 
in respect of each such deposited BDR whteh fa » be released or the BDR 

or BDRs ceasing with its agreement to be held to its order Hie Paying 
Agent shad promptly give notice fa the Depositary of such surrender or 
release. 

Captes d the Company's Annua! Report may ba obtained from any of 
the Raying Agents feted below and Euioctaar and Cede!. 

Depository and Prtndptl Peytng Agent 
Chemical Bank (Guernsey) Limited. 

Afeert House; PO Bov 92 , South Esplanade. 

& Peter Ran Guernsey. 

Channel Islands GYl 48U 

Paying Agents 

Bankers That Luxembourg SA. 

PO Box 807. 14 Boulevard FD Roosevelt, 

Luxembourg. Grand Duchy of Luxembourg 
Morgan Guaranty Thist Company ot New YbrK. 

14 Place Vendflme, 75001 Pans, Prance 


Si. Pater Port. Guernsey 
Dated 27th September. 1993 


by: Che mica l Batik (Guernsey) Limited 
Depositary 


to d ^ INTERNATIONAL »d 

iieralo^fe (tribune, 

. . - - 


^ Now Printed in Tokyo For 
Some-Day Delivery to Most 
Homes & Offices in Japan 

-r I To subscribe call our Tokyo office 

(03)32010205 

Or writer TJM, 4f. Mainichi Newspaper, 

» _ 1-1-1 Krfoteubashi, Chiyoda-ku, Tokyo 100 

Or Telex: 33673. Or Fax: (03) 3214 4045. 


ICIC HOLDINGS LIMITED 
ICIC INVESTMENTS LIMITED 
IN LIQUIDATION 

NOTICE TO CREDITORS 

The Official Liquidators of ICIC 
Holdings Limited and ICIC 
Investments Limited ("the 
Liquidators”) appointed in the 
Cayman Islands, axe requesting 
creditors to advise the Liquidators 
in writing of the details of their 
claims against ICIC Holdings 
Limited or ICIC Investments 
Limited by 31 October 1993 at the 
address below. 

Official Liquidators 
ICIC Holdings Limited or 
ICXC I nv estments Limited 
P.O. Box 1359 
Grand Cayman 
Cayman Islands, B.W.I. 



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20. 1 2 trillion woo. Hyundai was second in lull-year 
$44.9 billion, while Samsung was on top, at $46.6 billion. 

Philippine Telephone to Raise Capital 

MANILA (Reuters) — Philippine Long Distance Telephone Co. plans 
to float 10 billion pesos ($351 million) worth erf preferred convertible 
shares in 1994 to help finance installation of 300,000 phone lines, a 
company officer said Sunday. 

REVERSE: Turning It Around? 

Contuoed from Page 9 


chairman, Sumner Redstone, keep 
a big stake would be tricky. But it 
might be doable. 

Paramount could argue that no- 
body is offering to let Paramount 
shareholders cash out. Under the 
QVC deal, they would own most of 
the merged company. Buying Via- 
com gives them a stake in what the 
board could argue is a better com- 
pany. 

Were that scenario to material- 
ize, the screams would be heard far 
and wide. The speculators who 
have bid up Paramount would suf- 
fer big losses. 


& 
















f V- .. 




6* ijSk>\ 


1 

I'”' "I n, V,, , 


INTERNATIONAL HERALD TRIBUNE, MONDAY, SEPTEMBER 27, 1993 


•Hi * 


MO N d A Y 

SPORTS 

Jays Clinch Tie for AL East Title, Braves Halt Phillies for 100th Win 




VV|. Xli 


‘•‘•liars 


t, ') ,ri:! t Indtbif,. 


Al f i X '!> | k * 


!l# J «' .ipiial 


i* wui'f 


Rangers Sink 
As Chicago 
Wins Again 

The Associated Press 
The Toronto Blue Jays clinched 
a ne for their third straight AL East 
htfcbut missed a chance to win it 
cwnpletely Sunday, losing to Jim 
Wtaxi^and the New York Yaa- 

♦Jr Jays nceded to win 

tbar final home game of the season 
and have Baltimore lose once in a 

AL ROUNDUP 

doubleheader against Detroit to 
wap up their fourth division cham- 
pionship in five years. 

Instead, a crowd of 50,518, 
which boosted the Blue Jays' total 
to an an AL record 4,057,947, saw 
the Yankees postpone the party. 
Toronto had clinched all four of its 


New York scored five runs in the 
first and stopped its season-high, 
five-game losing streak. 

Toronto lakes a magic number 
of one into Milwaukee, where Paul 
Molitor could help the Blue Jays 
cli nc h Monday night against his 
former Brewers teammates. The 
Orioles lost to Detroit, 9-4, in then- 
opener and would be eliminated 
with a loss in their second game. 

Jim Leyritz hit a three-run homer 
■in the first off Todd Stotdemyre 
and Abbott made the lead stand 
up. Toronto lost for just the second 
time in 14 games. 

Abbott wan for the first time in 
four starts since pitching a no-Mt- 
ter against Cleveland on Sept, 9. He 
gave up a solo home run to Joe 
Carter, his 31st, in the second in- 
ning and left in the eighth soon 
after Pal Borders' two- run homer. 

White Sox 5, Rangers 3: Bo 
Jackson bomered and Jason Bere 
won his sixth straight start as Chi- 
cago beat Texas in the first game of 
a doubleheader in Chicago, reduc- 
ing the White Sox's magic number 
to one for dmrhing the AL West. 

It was Chicago's fourth victory 
in a row and increased their lead 
over the second-place Rangers to 
eight games. 

Bere gave up four hits, including 
Dean Palmer's 32d homer, in six 
innings. He walked five, hit a batter 
and struck out five. 

Roberto Hernandez got the last 




EtaJ 




y 



• • ■. # .. ' ' ' ' # • \ ' a . , *•, * " .. * ! "• \ m • • ’ » % J *' 

CMd Apace Fnaa-Prcv 

With the bases loaded, the Jays’ Roberto Alomar got the Yankees’ Jbn Leyritz out at second, then relayed to first to nab Don Mattingly. 


four outs for his 37th save in 43 Kitty Puckett hit a run- scoring second in two days — as the Inch- 
opportunities. double and Pedro Munoz added an ans dosed to 4-3. 

Loser Kenny Rogers gave up RBI single as the Twins scored ■ In Saturday's games: 

three runs and six hits in 616 in- twice in the third. Kent Hrbek Blue Jays 3, Yankees 1: Toronto 

nines. drove in the first run with an RBI moved to the brink of its third 

Tigers 9, Orioles 4: Cedi Fielder single in the first , straight AL East title behind A1 

mdoi a home run drought as De- a,,** Knoblaudi and Jeff Re- ?- dtcr ’ s *“ “““S 5 oaetai ball 
troit pushed the Orides a notch bodet ^ ^ nm-scoring singles m Toronto. * 
doser to etanmatiOTX from the AL in the eighth for Minnesota. Knob- Rickey Henderson, who ho- 
fcast race m the first game of a huch and Reboulet each had three mered and scored three times in 


second in two days — as the Indi- 
ans dosed to 4-3. 

■ in Saturday’s games: 

Blue Jays 3, Yankees 1: Toronto 
moved to the brink of its third 
straight AL East title behind A1 
Leber's six innings of one-hit lull 


doubleheader in Baltimore, single: 

Eric Daws, Alan Thunmefl and bases. 
Tony Phillips also hamered for the . . 
Tigers, who handed the reeling Ori- .Jr 1 


singles, a walk and two stolen 


Toronto's 7-3 victory on Friday 
ni ght , again tormented his former 


Indira 6, Brewers 4: In Oevo- {— • H « *”VM. ringtel. ante » 
Imd, Sra Horn hanxnd in lhc bra rai xata ma, gnrng ten 


oles their eighth loss in U games. -.7* • ■ , . ., 19 runs a gains t the Yankees this 

SSfflSaBRJSES *-■ “ S — — 

-was the longest ever hum a game at Toronto. 


Camden Yards. acvcm “ » v^vcuu 

Detroit starter Bffl Gullickson John Jaha home 
allowed three runs in 516 innings. Brewere. Thirteen 
Twins 5, Red Sox 2; In Boston, 9e ^J 1 

Mike Trombley allowed one run “* All-Star break, 
and five hits in six innings for his ' Horn led off tl 
first win as a starter since Aug. 24. with his fourth he 


OVTUJUl UJ ViWTUOUU IMIfWIL • , j , « 

. Letter walked four and struck 

John Jahahomered twicr for the om two in sbe scoreless innings. He 
Brewers. Thirteen of his 18 home martr his fast start since June 17, 
runs this season have come since when ^ beat Boston with his Gist 
the All-Star break. . major league shutout. Lriter was a 

' Horn led off the sixth inning fill-in when Jade Morris was in- 
with his fourth home ran — his jnred earlier this year, and moved 


bade into die rotation when Morris 
was sidelined for the season. 

locfians 6, Brewers 2: Mark Clark 
won his third straight decision 
since coming off the disabled list 
and Sam Horn bomered as Cleve- 
land beat visiting Milwaukee. 

Twins 9, Red Sox 7: Pedro Mu- 
noz delivered a go-ahead RBI sin- 
gle and Chip Hale’s pinch -hit, two- 
run double capped a four-run 10th 
inning in Boston that lifted Minne- 
sota. 

Angels 6, Royals 2: In Kansas 
Qty, Missouri, California struck 
for four runs in the eighth inning to 
beat David Cone and the Royals. 

Athletics 7, Mariners 2: Ruben 
Sierra snapped an 0-for-15 slump 
with a sacrifice fly and a grand 
slam in Seattle to tie a career high 
with five RBIs and lead Oakland to 
its 23th victory m 19 games. 


Expos Fade in Race Against Philadelphia 


CoupM by Our Staff From Dapatche Jeff King's thr 

Jeff Blauser’s two-run single in a double in the ei 
four-run seventh fnning snapped a the Pirates beat 


Jeff King's three-run, riebreaking 
double in the eighth iruring helped 
the Pirates beat Chicago in the first 


tie and the Atlanta Braves beat the game of a dou 


clinching the NL East title, howev- eight innings, 
er, was reduced to three as second- Carlos Gai 
place Montreal lost at New York Slyke wrappe 
Atlanta entered the game leading 
San Francisco by 1 ** games in the NL! 

West, one in the loss column. The D ... ... 

Giants played a late afternoon i 

game against San Diego. clearing hit. 

S SteveAvefy pitched six innings. 
allowing four hits and twn runs as 

the Braves improved to 17-7 this 
season when he starts. Greg McMi- 

^i 1 to?“ pi ' chn ■ go, 

oEES&SSSS 

with a wit andadvanced to sec- 

ond on a wild pitch by Curt Schil- " Lancaste 

ling. Otis Nixon then beat out a “t-t, .. .• 

Wi 

Nixon stole second without a p^g- ^ 
throw and Blauser hit a 3-2 pitch After strikinj 
for a smgle to right sconng two j^jj Wu 
runs. After Blauser s hit. Schilling nvcv-in singl 
left for Larrv Andersen, who re- 

to Ggt iyd West re- P °8B^1S 
placed Andersen and walked Fred _ n 

McGriff and David Justice to load ^ p 

the bases. nttxrir Tho c 

Donn Pafi relieved and gave a 
run -scoring mfield single to Terry inn inffv 
Pendleton and another run scored m r„ c^,. n 
on Mark Lemke’s fielder's choice "rav& 9 F 
Sounder. Qtis ’ N 

Mets9, Expos 3: Jeff Kent hit his Including a i 
first career grand slam and drove in eighth inning 
five runs as New York beat listing mered to leai 
Montreal saw victory. 

The second-place Expos took The Brave: 
two of three in the series. W need- and squandei 
ed a sweep against the last-place holding on fc 
Meis. The Braves 

Dave Tdgbeder scattered five the eighth ini 
hits in eight inning* for the victory. With the s 
Mike Maddux got the last three hitter Ddoo ! 
outs. single off Roj 

Kent’s grand slam came in a six- lowed with i 
ran fifth inning when the Mets bat- past left fiddi 
ted around to erase a 2-1 deficit, two-base erro 
New York had four hits in the in- score. 
ning . including RBI angles by Ed- Nixon the 
die Murray and Jeremy Bunritz. Blauser lifted 
Kent, who has 20 homers, also second basei 
had an RBI doable in the seventh dini. Gant fc 
when the Mets scored twice to homer, 
make it 9-2. Todd Hundley also Giants 3, F 
had a run-scoring single. out of his Sep 

Pirates 5, Cubs 1: In Pittsburgh, home runs I* 


Phillies, 7-2. on Sunday in Phfladd- Starter Paul Wagner has allowed 
pfr ia for their 100th victory, taking just three earned runs in bis last 
two of three games in the weekend three starts, spanning 22% innings, 
matchup of dmsian leaders. He gave up five hits, walked one 
The Phillies' magic number for and struck out a career-best eight in 


Carlos Garda and Andy Van 
Slyke wrapped an gles around Jay 

NL ROUNDUP 

Bell’s walk to set up King's bases- 
clearing hit. It came off Bill Bren- 
nan. who worked in relief of rookie 
Steve TrachseL 

Cardinals 10, Marlins 7: In Mi- 


season as the Giants heat visiting 
Son Diego behind the strong pitch- 
in" of rookie Salomon Tones. 

Bonds hit solo homers in the sec- 
ond and fourth innings off And) 
Ashby, giving the left fielder 43 
homers and HI RBIs. 

Reds 6, Rockies 0: Jose Rijo 
pitched his first career onc-h liter as 
he breezed past the Rockies in just 
1 hour, 59 minutes, in Denser. 

Expos 4, Mets 1: Montreal 
moved within five games of first- 
place Philadelphia as Tim Spehr 
drove in two runs with a homer and 
a single off Eric Hillman to help the 
visiting Expos heat New York. 

Martins 2, Canfinah 1: Florida 
rallied for two runs in the eighth 
inning in Miami to defeat strue- 


ami, Bernard Gilkey hit a home run fling rookie Alien Watson. 


and drove in three runs as St. Louis 
Cardinals downed Florida. 

Winner Omar Olivares gave up 
two runs and four hits in five-plus 
innings before being relieved by 
Les Lancaster with none out in the 
sixth. 

The Marlins loaded the bases 
with one out in the ninth off Mike 
Perez, the fifth St. Louis reliever. 
After striking out Bret Barberie, 
Dairy]! Whitemore followed with a 
two- run single, but Rich Renteria 
popped out to end the game. 

Gilkey and Sum Royer drove in 
three runs apiece and Erik Pappas 
added two RBIs to pace a 15-hit 
attack. The Cardinals scored three 
runs in each of the second and third 
innings. 

■ In Saturday's games: 

Braves 9. PhQEes 7: In Philadel- 
phia. Otis Nixon had three hits, 
including a single in a three-run 
eighth inning, and Ron Gam ho- 
mcred to lead the Braves to a see- 
saw victory. 

The Braves erased a 3-0 deficit 
and squandered a 6-3 lead before 
holding on for the victory. 

The Braves went ahead to stay in 
the eighth inning. 

With the score lied 6-6. pinch- 
hitler Deion Sanders led off with a 
single off Roger Mason. Nixon fol- 
lowed with a single that skipped 
past left fielder Pete Incaviglia fora 
two-base error, allowing Sanders to 
score. 

Nixon then scored when Jeff 
Blauser lifted an infield pop fly to 
second baseman Mickey Moran- 
dini . Gant followed with his 36th 
homer. 

Giants 3, Padres 1: Barry Bonds, 
out of his September slump, hit two 
home runs for the sixth rime tins 


Astros 12. Dodgers 4: The Astros 
pounded five Dodgers pitchers for 
18 tuts in Los Angeles. Houston's 
Steve Finley drove 'in two runs with 
a homer and a single, and Craig 
Biggio added two on a triple and a 
double. iRcaurs. .//*; 


Royals' Brett 
To Retire After 
20 Seasons 

The .tuiTUTilf PrvKt 

KANSAS CITY. Missouri 
— George Brett one of the 
must prolific major league iur- 
ters of all time, has announced 
his retirement after Zu seasons 1 
with the Kansas City Roials. I 

“I have accomplished more' 
in my playing days than I ever . 
thought Iwouli* a teary Brett- 
said at a press conference on ; 
Saturday. "The one thing that = 
I'm proud of most, and I say ; 
this sincerely, is spending ray 
whole career with one team." ; 

"My baseball career is not ’ 
ending." he added, "it's just 
talcing a different direction." 

He will become rice presi- 
dent of baseball operations for 
the Royals, said the general 
manager, Herk Robinson. 

Brett goes out as a career 
307 hitter and a certain Hall 
of Famer. He is one of four 
players in the history of base- 
ball to get 3.000 hits. 300 home 
runs and 200 stolen bases. The 
others are Willie Mays. Henry 
Aaron and Dave Winfield. 


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INTERNATIONAL HERALD TRIBUNE, MONDAY, SEPTEMBER 27, 1993 


M O 


DAY 


SPORTS 


Prost Wins 4 th Prix Title 



Cumptled Jy Oar Staff From Dispatches 

ESTORIL, Portugal — Alain 
Prost of France won his fourth 
world Formula One driving title on 
Sunday with a second place finish 
behind Michael Schumacher of Ger- 
many in the Portuguese Grand Prix. 

Prost gained 6 points to move 25 
points ahead of Damon HiD of 
Britain, his Williams Renault team- 
mate. and clinch the title with two 
races remaining. 

Hill came in third after starting 
the race behind the Held when he 
stalled just before the warmup lap. 

Prost. 3S. champion in 1985. 
1 Q 86 and 1989. celebrated by per- 
forming a lap of honor in ms car 
coming a French flag. 

'Only Juan Manuel Fangio has 
more world titles with five. Jade 
Brabham, Ayrton Senna. Niki 
Lauda, Nelson Piquet and Jackie 
Stewart have won three titles each. 

Prost. who said two days ago he 
would retire at the end of the sea- 
son. lost by less than a second to 
Schumacher, who won his second 
career Grand Prix. 

The two were were separated by 
two seconds after Schumacher took 
over the lead on the 3 1st lap. when 
jll the leaden made tire changes. 


From then on the German driver 
held off Prost as HSU crept through 
the Add. 

Jean Alesi of France, who made 
a sensational start, was fourth in a 
Ferrari ahead of Karl Wend linger 
of Austria in a Sauber, with Martin 
Brundk of Britain sixth in a Ligier. 

"I was pushing hard,” said Ptosl 
“I wanted to win but I didn't want 
to do something silly. I was think- 
ing of the world championship and 
I wanted the points. 1 ' 

Prost has 87 points for the sea- 
son. HUl has 62 points and Ayrton 
Senna of Brazil, who retired with a 
blown Ford engine on his McLaren 
after only 20 laps of the 71 lap race. 
S3. Schumacher is fourth with 52. 

Prost has a record 51 victories in 
Formula One racing since 1 980. He 
broke Jackie Stewart’s career re- 
cord in 1987 in Portugal when 
Prost won his 28th victory. 

Prost has won seven Grand Prix 
races this season but has been 
eclipsed lately by H3L who won the 
last three races before Portugal to 
dose the gap. Hill had the pole 
position in Sunday’s race of 7] laps 
over the 4.35-kiJometer (1703- 
mile} Autodrome circuit. 


Hill made a majestic attempt to 
close in on the leaders after a stall 
put him at lire back of the grid. He '• 
closed from 26th to 6th place in the 
first twenty laps. 

"I had nothing to lose,” he said. 

“It was quite fun to try and get as 
far as I could. I knew I had no 
chance of catching the leaders and 
then I was frustrated by traffic." 

Pros! announced Friday that be 
would retire at the end of the cur- 
rent season. The French driver said 
wanted to leave Formula One rac- 
ing while at the top. 

There are ups and downs with 
the decision," he said. “You think 
about it but you have to remember 
the bad things that happen during 
the year, too.” 

There has been speculation that 
Prost' s departure will coincide with 
Senna coming to Williams-Re- 

n.lnl t 

Senna, who dueled with Prost as 
teammates and on rival teams, said 
he would leave McLaren at the end 
of the year. He reportedly signed a 
contract with Williams two days 
after the Italian Grand Prix on .. . 

Sept. 12. according to an official of '#$&&&£ 
another team, who asked not to be 
identified. (AP, Reuters} Alain Pi 


Vi*. 


Australia, Germany 
In Davis Cup Final 



Caaftkdhv Our Staff Fm Dispatches 

Germany completed a 5-Q dcao 
sweep of Sweden and Australia fin- 
ished off a 5-0 rout or India on 
Sunday, setting up a first-time Da- 
vis Cup final matchup for the two 

countries m December. 

On the grass court in Chandi- 
garh, India, the Australians did not 
lose a set in the three-day competi- 
tion. Wally Masur defeated Lean- 
dec Pass. India's No. 1, 6-4, 6-2, 
and Jason Stoltenberg rolled over 
Zeeshan Ali, 6-3. 6-3, in the reverse 


on Sunday. 

<5n Saturday, Wimbledon dou- 
bles champions Mark Woodforde 
and Todd Woodbridge gave Aus- 
tralia an unbeatable 3-0 lead, beat- 
ing Paes and Ramesh Krishnan, 6- 
2, 7-6. 6-1, in the doubles. 

Australia’s captain, Neale Fraser, 
whose team made the final Tor the 
second time in four years, said; Tm 
dated. I’m especially happy because 
Wally Masur wanted to play in a 
Davis Cup final and he will.” 

Germany, which will be the host 
for the final Dec. 3-5. completed its 
victory over Sweden with triumphs 




Jks»UjqF OaflBEJt'AaciKt Fiwkc-Fibk 

Alain Prost celebrated his fourth world championship with some champagne on Sunday in Portugal. 


PT^TTTTTTTTr 


- ... - 


Major League Standings 


(Throw* Saturday's Games) 
AMERICAN LEAGUE - 
East Division 


Ah 

AH 

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GB 

Taranto 

90 

64 

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82 

71 

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83 

72 

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All 

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79 

74 

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79 

75 

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74 

81 

477 

IBM 

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66 

BB 

426 

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88 

65 

575 



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Tanas 

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73 

529 

7 

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& 

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78 

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fit 

vui 

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60 

85 

MS 

IBM 

Minnesota 

65 

BB 

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65 

SB 

422 

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NATIONAL LEAGUE 


kAJI 

1 


East Division 



Philadelphia 

94 

60 

AID 

_ 

Montreal 

89 

65 

-57B 

5 

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83 

71 

539 

11 

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80 

74 

519 

14 

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70 

B3 

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91 

J09 

31 

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52 

102 

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42 

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97 

St 

530 


Hn 

Houston 

B0 

75 

516 

IB 

ftl 

Las Angeles 

79 

75 

513 

191* 

ft 

Cincinnati 

71 

85 

-455 

28V* 

ft 

Colorado 

65 

«1 

.417 

34 V* 

ft 

San Otego 

59 

96 

JBl 

40 


Friday’s Line Scores 


AMERICAN LEAGUE 
Octroi' on in wo— 2 c a 

Baltimore n ON NO— 4 7 I 

Dahertv and Rowland; Moyer and Hollas. 
W— Doherty, 14-11. U-Maver, 12-8. HR— Do- 
Iroll. Fryman (21). 

Minnesota 2H BN 018-4 1 • 

Boston BN BN TJX — 7 11 1 

Erickson. wtms (71. Castor (7), MerTfmat 
(I). Guardado (8) and Harper, Webster (31, 
Potts (SI ; Do rwatn. Harris [8).Tavw (8). Ryan 
(B> and Pena Flahertv (8). W— Ryan, 7-Z 
L— MerrimaivM. HR— Minnesota. Hrtefc tm 
New York 111 N1 trio— 3 w • 

Toronto lit 2*0 Mx— 7 is l 

Key. wick man (71. AsswimocAer (7). Mu- 
noz I7i. Gibson (8> and Siantey; Guzman. 
Castillo (8). TltTHin (8), D.Ward (?) and Bor- 
ders. W— Kev, 17-e. L— Guzman, 140. 
MR— Toronto, R- Henderson 171). 
Milwaukee IN N1 222 S-ll 19 8 

Cleveland IN 18S 028 B— I 12 3 

(N famines) 

Miranda Novoo lo), wegrncm [7). lonastak 
(li. Orosco IB) and Nilsson; Mesa, Plunk (7), 
DiPoro <*i. LiliwufcU (10). 5iocunib (10) and 
Alomar. W— OrMCO. 3-4. L— LilltaulSt. 4-4. 
HRs— Cleveland. Belle 2 136). Maldonado (S). 
Tnome (6) 

Texas an bn 202—4 t 2 

Chicago 400 BN 001 — 5 7 B 

Brown. Patterson (B). Carpenter (B) and 


Rodriguez; Betcher. McGosklll (7). Homan- 
doz IB) and Karkovice. w— Hernandez. 3-4. 
L — Patterson. 2-4. HRs— Texas. James (3). 
Odcaga Bell 03). 

Californio 108 010—2 8 4 

Kansas Cltr 811 JOx— 7 4 8 

[SVj Inniaus, rota) 

Magnate. Swingle (4) and Turner; Pichardo 
and Mocfariane. W— Pichardo, 7-8. L — Mo- 
atone. 3-2. HR— Kansas CHv. WUson (1). 
Oakland Ml BN 889-fl B B 

Seattle ON eoe 821— * > i 

Karsay, Nunez (6). Smith berg (8), Horstnon 
(8). Ecicersley <B) and Hemond, Mercedes 
(7) ; Books Ptontanberg (8).Ontl voros (8 1 and 
Vails. W—Karsay. 3-1 L— tiostot B-9, 5 v — Ecfc- 
ertlev (3S1. HRs-Onfcland. D. He nde rson 
(16). Seattle, Gutter Jr. (43). 

NATIONAL LEAGUE 
CMcaoa 9fl 118 8*1—8 11 8 

pntstwron ou mg NO— i ii i 

Hibbard, Plesoc (8). Butllnasr (B) and WII- 
Uns; Walk, Ballard (3), Ml cell (4), Robertson 

(5) . Minor (7). Dewey (B) and Prince- w— Hib- 
bard. 14-11. L- — Walk, 12-14. Sv — Bulllnaer (1). 
HR — Chicago, Rhodes dl. 

Montreal 818 813 801-4 11 8 

New York MM ON SO*— 3 4 1 

Nobholz. Scott m. Rolas (7). Wetfetand (9) 
and Fletchor; Janes. Gazzo (7), Sctwrek it) 
and 0‘Brterv Hundley (8). W— Nabbota. 8-8. 
L-Oanos, 2-4. 3v— W Etlsiid 139). 

HRs— Montreal, Grissom (IB). Ftetehar (B). 
Now York. Kent (19). 

Atlanta BN BN 080-8 1 0 

PWatiettda BOB ON Hs-J 7 1 

Gtavlite, Wohlers (7). Stanton (8) and Bar- 
rvhlll; T. Greene. Mitch Williams (B) aid 
Douf Ian. W— ' T. Greene. 16-1 L— Giavlne. 204. 
Sv— Mitch Williams (41). 

SL Loots 882 381 300-9 13 1 

Florida MW ON DOB— 5 6 0 

Cormier, Lanca^er (S). Guettemwn (7), 
Perez (9) and Pappas; Hammo n d, Nen (4), 
Johnstone (61. R. Lewis (71, R. Rodriguez {« 
and SonttcBM. Natal (41. w— Lancaster. 4-0. 
L— J o hns to ne ; 0-2. HR — Florida. Canine (12). 
Ondnaatl IN 018 BOO-2 4 2 

Colorado 121 BN 2l»-9 18 I 

Ayala, Spradlin (3), Powell (51. Rtrtfin (7). 
Butting (8) and Oliver; Hurst. Blair (3). Reed 
(6). Ruffin (8) and Girard), Swatter (9). 
W— Reed, 04 L— Avoid, 6-10. HRs— Cincin- 
nati, Sanders (IB). Colorado, Haves (24). 
Hoasian ON 308 boo-3 5 1 

Lob Angeles B21 3M ion— 6 12 l 

ICIIbl Edens (4). Reynolds (5). B. Williams 
(8) and TmAonsee; Astado and Piazza. 
W— AsiodOt 14-8. L— Kile, 15-8. HR— Houston, 
Comlriri (13). 

San Diene 818 BN IN 8-3 8 8 

San Francisco M M Bit M 6 8 
(11 lanlogej 

S. Sanders, HoHmtm 17). M. Davis 18), Ge. 
Harris 1)0) and Asmus; Sanderson. Burba 

(6) .Htdcersoti (Bi.M. Jackson (B). Beck (Ml) 
and Manwartng. W— Beck, 3-1. L— Ge. Harris 
6-6. HRs— Son Diego. Ckutfrocca (11), Slaton 
(2). Son Francteotk W. Clark (13), Bands (41). 


kin; Clark and Ortiz, w— Clark. 7-4. L — Na- 

Yamlurl 

56 

60 

1 

-483 

11 

varro, 10-12 HRs— Milwaukee. Vaughn (29). 

Honstiln 

53 

57 

2 

.478 

111* 

Cleveland. Horn (3). 

Yokohama 

90 

62 

0 

Mi 

15 

New York see tea •»— I 4 2 

Hiroshima 

47 

61 

1 

MS 

16 


Toronto B01 ON 2BX—3 4 0 

TananOi Farr (7). Howe (8) and Stanley; 
Lei tar, cox (71, Timlin (8). (X Ward <«) and 
Borders. W— Latter, 8-6. L— Tamms 0-2. 
Sv— D.Word (42). 

MbBtesota 300 OH IN 4-9 13 8 

Boston BOO BBS 121 2—7 11 2 

Brummeti, Coskm (61, Aoullero (8). Willis 
(10) and Fork* Webster 110); Dapson. Fassas 
15). Boilev (61. Harris (10). Ryan CIO) and 
Flaherty. Pena (8). W-Agullero.34. L— Har- 
ris. 6-6. Sv— Willis (S3. HRS— Boston. Voushn 
(283, Deer (20). Valentin tun. 

California BBS ON 142—6 8 8 

Kansas City 908 01B N1— 3 9 2 

LeJiwicfi. Grntw (8) and Myers; Cone, 
Brewer (8). GuMcza (Bl and Mac to ri ana. 
W— LettwkJL 4-6. l— C one. 11-11 Sv— Grade 
(10). 

Oakfand IN IN 150-7 10 8 

Seattle MW lw osO-2 7 I 

Van PapneL Downs (6), Horsman (7), 
Nunez <81. Hanaycutt IB) and Mercedes; Han- 
son. Hoi man (7). Nelson (71, King (7), Power 
(8). Henry (9) and Hasetaxm. W— Harsman.2- 
0. L— Power, 1-4. HR— Oakland, sierra (21). 

NATIONAL LEAGUE 
Atlanta 082 IN 3)8-9 14 ■ 

Pb Dade toll la 3N on 381-7 is 3 

Small*. Wohlers 17). Mordur (7). Bedro- 
stan (7). McMichoel (8) and Ofsoa BerryhJII 
18). Jackson. Andersen 17), West 17). Mason 
(8). Thigpen (f) and DauKon. W — Bedroslan, 
5-2. L— Mason, 5-12. Sv— McMtohael (16). 
HR— Alianta. Gant (36). 

San Diego BN ON 0*1—1 5 1 

San Frandsce 818 IN Its— 3 9 1 

AshOv, Whitehurst (7) and Ausmus; Torres, 
Beck (0) and Manwarlng. W— Torres. 3-3. 
L— Astibv.3-10. Sv — Bech (43). HRs— San Die- 
go. Shtotev (4). San Francisco. Bonds 2 (43). 
Houston BN BN 2)1—12 18 B 

Los Angelas IN 001 1B1— « 9 3 

S winded, H e rnandez (8). D. Janes (9) and 
Tucker; P.MarHnez.CancHom (6). Wilson (7). 
McDowell (8). Dasilva (8) and Piazza, 
w— Swindell. 11-13. L— p. Martinez. 10-5. 
HRs— Houstaa Finley (7).LosAnoeies.Pioa- 
za 2 (32). Mondesi (31. 

Ctodmatt Ml in 288-6 11 1 

Colorado BN BN NO— 0 1 2 

RUoandOUver; HarrtSiSonford IT). Leskanic 
(Bl, Painter (B) and Wedge. W— Rita. M4L 
L— Harris. 11-16. HR-Ctodrmotl, Scmders (28). 
SL Leals ON IN *00—1 3 2 

Florida ON OH B2x — 2 5 1 

Kllgus, Watson (6) and Ranon; Hough, 
Armstrong (8) and Natal. W— Armstrong, 9- 
15. L— Watson, 6-0. 

Montreal m no tes-4 it i 

New York Ml ON 000—7 4 1 

Boucher, Heredia (6) and Saehr; Hillman;* 
Inn b (81 and O’Brien. Hundlov (8). 
W— Bondin', M- L— Hillman, 1-S. Sv— Here- 
dia (2). hr— M ontreal. Spohr (2), 


Saturday's Resells 
Yokutt 6. atunkM 5. 10 kmliws 
Yamlurl 2. Honsnin I 
Hiroshima 70, Yo k o h ama 6 

Sunday*! Results 
Chunldil 7, Yakub 5 
Yokohama 1Z Hiroshima 7 

Padflc League 


Seibu 69 44 j Alt 

Nippon Horn 68 49 7 JBl 

Orix 62 S3 3 -539 

Kintetsu 57 54 4 514 

Lotte 47 69 2 JOS ‘ 

Date! 42 76 4 356 : 

Saturday's Results 

Seibu o, Nippon Horn a. 10 innings, tie 
Orix Z Lotto 1' 

Doiei 8. Kintetsu z 

Sonctoys Rosotts 
Seibu 3, Nippon Ham 2 
Orix 1Z Lotte 1 
Dale! Z Kintetsu 0 


HOCKIY 


NHL Preseason 


Frktars Rosstts 
Boston EL Edmonton 3 
Hartford 7, N.Y. Islanders 3 
Washington 4. PMIadetohto 3 
Vancouver 9, Canadian Olympic Team 3 
Satu r day's Results 
Pittsburg h 3. Ptinadetotna 2 
Tamna Bov X Florida 0 
Quebec 1, Edmonton a 
N.Y. Rangers s. Hartford a 
New Jersey X N.Y. Islanders 2 
Boston 5u Montreal 3 
SI. Louis 7, Odcaga 1 
San Jose 7, Buffalo 2 
Phoenix (IHL) 6, Las Angolas & 
Anaheim 5, San Diego (IHL) 1 


Major College Scores 


Saturday’s Line Scores 


Japanese Leagues 


AMERICAN LEAGUE 
MCrwoukeo OH ON 3*#— 3 7 1 

Cleveland 2*3 llo »tx— 4 9 a 

Navarra, Maveey (51, Kiefer (71 and Lamp- 


Central League 

w l T Pet GB 

66 48 2 579 — 

63 46 J 578 VO 


EAST 

Army 31. VMl 9 
Boston College 66. Temple 14 
Boston U. 2B, Massachusetts 9 
CW. Past 31. Marts! 10 
Colgate 2Z Cornell 6 
Columbia 7. Fortiham 0 
Connecticut 21 Yale 14 
Delaware 56. west Chester 41 
Duauesnv 28, Thiel 0 
Edinboro 28, Buffalo 17 
Gannon 14, Cardstus 13 
ll au i p l w U. 37. Grumbling St. 36 
Holy Cross IX Dartmouth 7 
Illinois St- 16. Hafltra 6 
Iona 2Z Georgetown, D.C 15 
Lehigh O. Brown 35 
Now 27, Bawling Green 20 
Now Hampshire 6X Maine 13 
Penn 42. Buckneil 12 
Penn 51. Jl, Rutgers 7 


.Princeton 21, Lafayette 7 
Rhode Island 15. Nortbeasieni 13 
5L jobnte, NY 28. Siena A 
sr. Peter's 17. St. Fronds. Pa. 14 
Syracuse 74, Cincinnati 71 
Towsan St. 5Z Ctarlostan Southern 14 
Waoncr 2Z Cord. Connecticut St 15 
West Virginia 35. Missouri 3 
SOUTH 

Alctoamo 56. Loublana Teen 3 
Auburn 3S. Southern Miss. 3* 

Cent. Florida 32, McNecse St 3 
Citadel 27, Appalachian 5f. w 
Clemsan 16, Georgia Tech 13 
E. Kentucky 4& Austin Peav 7 
Emorv & Henry 27. Davidson 0 
Furman 4X E. Tennessee St. 21 
Georgia Southern 4& Tn.-O i ctt q n o og o 8 
Indiana. Pn. 23. Liberty 7 
Jackson St. 7, Mbs. VaHav St. 7. tie 
James Madison XL Jacksonville jl u 
L ouisville 41. Texes 10 
Middle Term. 45. Murray SI. 3 
Mississippi 31. Georgia 14 
Mfsslsstenl St. 36. Tufane » 

Morgan SI. 38 Virginia Union 21 
N. Carolina A&T 34. w. CwaDna 7 
NE Louisiana 51. Nkliolts Sf. 30 
KW Louisiana 30. E. Texas St 19 
North Carolina 3& N. Carolina SL 14 
Richmond 21, VtUenova 7 
Samtartt 27. Betaune-Caokman W 
Southern U. 14. S. Carolina SL 10 
TBim.-Martln 17. SE Missouri 14 
Termossee 4Z L5U 20 
Tennessee Tech 21, Morwhaad SL 3 
Troy 51. 38, Aktoamo St. 3 
Virginia 35. Dak* B 
Virginia Tech 55. Mary land 2B 
W. Kentucky AL Akk-Birmirwhom 13 
Wtfllam & Mary 45. Harvard 17 
MIDWEST 
Butler 2& Drake 3 
Cent. St^Ohlo 55, Texas Southern 6 
Dayton 30. San Otego 7 
EvansvHie 38. Roae-Huimon 8 
Howard U. 38, AKsm SL 36 
Kansas St. 36. UNLV 2B 

Michigan 4X Houston 21 

Michigan Sr. 4& Coat. Michtearr 34 
N. Iowa 34, SW Texas SL 13 
Nobrasfca «L Cotoroda si. a 
Northwestern 26, Wake Forest 14 
Notre Dame 17. Purdue 0 
Oregon IX linnofs 7 
SW Missouri SL 31, Indiana 5L 21 
Tateao 28. OMo U. to 
W. ininab 28 E- Illinois 14 
W. Michigan 17, Miami. Ohio 0 
Wisconsin 27, Indiana 15 

SOUTHWEST 
Arkansas St. 27, X urinals 6 
Baylor 2B, Taxes Tech 26 
Memphis SL 6, Arkansas 0 
North Texas 3X Abilene Christian 13 
Oklahoma 41. Tuba 20 
Rice 49, Iowa SI. 21 

Sam Houston 51. 34, Texas AXM-Kingswllto 20 
Southern Moth. 21. Texas Chrtstkm 15 
FAR WEST 

Arizona XL Oregon SI. 8 
Arizona SL 11 OMcewma SL W 
Brigham Young 38 Air Force 3 
CS Narthrtdoe », Sonoma SL P 
Cal Polv-SLO 68 CSU-Chlco 6 
California 46. San Jose ». 13 
Fresno $L 38 Utoh Sf. 14 


Hawaii 52, TexcnJEl Paso 0 
Miami 38 Cotorado 29 
Montana 35, E. Washington 20 
Montana SL M, Weber Sf. 10 
N. Arizona 3Z Idaho SI. 15 
N. Illinois 48 Nevada 42 
New Mexico 42. New Mexico sr. 7 
Pacific U. 38 Sacramento SL 6 
5, Utah 28 uc Davis 27 
San Otaro St. 48 Minnesota 17 
Southern Cal 34. Washington St. 3 
st. Monro. Cat 21. Humboldt St. 0 
Stephen F Austin 38 Bobs St. 7 
UCLA 38 Stanford 25 
Washington as, East Carolina 0 
Wyoming 28 Utah 12 


Canadian League 


Eastern DtvHtoa 



W 

L 

T PF PA Ptl 

VMmtoee 

8 

A 

0 484 307 

M 

Hamilton 

5 

8 

0 223 390 

10 

Ottawa 

3 

9 

0 272 352 

t 

Taranto 

2 

W 

0 289 418 

4 


Western Division 


QMarv 

12 

1 

0 454 2B8 

24 

Brit Cknb 

8 

S 

0 424 391 

16 

SasMchwn 

8 

5 

0 354 333 

16 

Edmonton 

7 

5 

0 320 254 

14 

Socramento 

3 

9 

8 323 327 

6 


CONWY 26. Hamilton 3 

Setantav TO Retails 
Ottawa 38 Taranto 22 
SnintGiewtm 31. Br!ttg*i Columbta 16 


SOCCER 


DUTCH FIRST DIVISION 
HAG Breda Z FC Groningen I 
FC Utrecht X Saarta Rotterdam I 
Roda JC Kertaade 8 MW Maastricht 1 
FC Twente Enschede X SC Heerenveen 1 
Femora Rotterdam 1, Go Ahead Eagles 
Deventer 0 

RKC Waalwflk 1. FC Volendam 3 
Standings: Peveaoard Rotterdam. 14 paints; 
Ahxx Amsterdam. 13; VHcbm Arnhem and 
Rada JC Kerkraae, 13; PSV Elmtioven. N AC 
Breda and FC Hoerenvcca Hr FC Twente 
Enschede. 9s WlUem ll TUbatgJ; FC WV 
venla,4; Go Ahead Eagles Deventer, FC V»- 
lendam, mw Maastricht Spmto Rotterdam 
and FC Utrertrt. 5; RKC Wnaiwilk and FC 
G ron i n gen. 4; Caitibuur Loeuwardea 8 
ENGLISH PREMIER LEAGUE 
Arsenal 1. Southampton 0 
Blackburn 1. Sheffield Wednesday 1 
Oiebea L Liverpool a 
Coventry 8 Leeds 2 
Evertan 1, Norwich 5 
Manchester united 8 Swindon 2 
Newcastle X West Han 0 
ownam l, Asian Villa 1 
Sheffield United 8 Manchester City 1 
Ipswich X Tottenham 2 
Standings: Manchester united, 22 points; 
AreenaL 19; Aston Villa and Lords 16; Nor- 
Mift, Tottenham. Wimbledon Blackbumand 
Evert on. 15; Coventry, 14; Newcastle and 
Chelsea, 13; Liverpool and Ipswich, 12; Man- 
hestef CJtv. ii; Queens Park Rangers, 10; 
Sheffield United and West Horn. 6; Sheffield 
W ed ne sday. 7; Oldham. 6: Southampton and 
Swindon 11 


FRENCH FIRST DIVISION 
Nontos l, Coen 0 
Monaco X anson 0 
L* Havre 8 Sactnux 0 
SI. E > term* 8 Strasbourg 0 
Cannes 1. Lvon 0 
Bordeaux X LHIe I 
Marseille 8 Met: 3 
Lens 1. Martfgues I 

Standings: Parts St. G erma i n, Bordeaux, 
and Cannes, 14 Paints; Nantes. IX Monoca. 
5echoux,MarselUnand Strasbourg. 12: An- 
erre, ll; Caen 10; Morttoues. Metz, and St. 
EibnnOi9; Lvenand MontMlUer.S; Lonsand 
Angers. 7; Lille. Le Havre, and Totrtause. 5 
aeRMAN FIRST DIVISION 
Hamburg SV 8 MSW Dubburg l 
Korisruito SC 8 Scholko 0 
E intro chf Frankfurt 1 Dynomo Dresden 2 
FC Cologne XVfB Lwtozlg I 
BorussMi Dort mund I, Bayern Munich 1 
FC Nuremberg X SC Freiburg 2 
FC Kaiserslautern X Bavtr Leverkusen 2 
Warder Bremen 8 wottenachehi 0 
Standings: ElntrocM Frankfurt, 16 points; 
wardtr Bremen M;SV Hamburg, MSV Duis- 
burg, 13; FCKaiserslauMrml2;BayerLever- 
kuson. It; Bayern Munich, W; Barussia Dorh 
mund and FC Catagn*. * : VfB Stuttgart. SC 
KorlsrufHL and. Dynamo Dresden. 7; Baros- 
■M NUmchanaiodbach. waitansritoM 09, VfB 
Letarie, ood FC Nuremberg, 6; SC Fretourg 
and SChatte 84,4. 

ITALIAN FIRST DIVISION 
Cagliari 8 Lazio of Rome 1 
Idtamntonaie of Ml ion X Wocenxa 0 
Leca L juventus of Turin 1 
Napoli z Lnflnese l 
Reoatona 8 Fooata e 
AS Rama X Atotonta of Bergamo 1 
Sampdorla of Genoa L Parma I 
Torino Z Genoa 0 

Standings: Milan, Torino. Parmn ond 
Scunpdorto, B points; Juvenfus and interna- 
zlonale.B: CaglKirL7; FoggtatBel Napan.6: 
Atoianta. Cremonese, AS Roma, and Lazio ot 
Rpme,5; Piacenza and Genoai.-uckneseand 
Fuggtana.3; Lecce, L 

SPANISH FIRST DIVISION 
SovlBo 8 Denorttvo La Coruna 0 
Sporting Giion L Attertco do Madrid l 
WORLD CUP QUALIFIERS 
African Region Second Rond 
Gran A 

Nigeria 4. Ivory Coast l 
Groan B 

Zambia 8 Senaga) 0 

Group C 

Zimbabwe 1, Guinea 0 


Portuguese Grand Prix 


Ryder Cup 


| TENNIS 


Davis Cup 



WORLD GROUP QUALIFIERS 
South Korea xsnaln 5: Saral Bruguera art. 
Shin Hmxfxrt, wX 6-1; Alberto Berasategul 
def. Chang UHong. 6X 6-X- COrias Coata ond 
Tomas Carbanolf def. UHona ana Kim CM- 
wan. 6X 64. 5-7. 6-4. 

United sttrtaxBebaniase: Andre Agaesldof. 
Roper smtftv6-Z6Z 6-3; MaITVal Woehlnaton 
del. Mark Knowles. 67 (7-5) 64. 4-4, ret.; Pah 
rtcfc McEnroe and Rktvty Reneberg del. 
Smith and Knowles. 6-7 (5-71. 7-S, 641 6-1 


FoarboBs 

Corny Pavln amt Jim Ganagher United 
States, del Mark James and Cnstantlno 
Racca, Europe. 5 and 8 
Ian Woomn and Petor Baker. Europe, def. 
Fred Couples and Paul Azlnoor, United 
States, 6 and 5. 

Foursomes 

Bernh ar d Lanaer and wo oen em def. Cou- 
Pies and Azinaer. 2 and 1. 

Severiano Boltestcras and Jaso Marla Oia- 
ZOboL Europe. deL Davis Lave ill and Tam 
Kite. United Slates. 2 and 1. 

Nick Faldo ond CaHn Montgomerie, Eu- 
rope, def. Larmv Wadklns and Caroy Pavln, 
United States, 3 and Z 
Ray maid Floyd and Payne Stewart, United 
States, deL Baker oevl Barry Lane. Europe, 3 
ond Z 

Singles 

Waasnam, Europe, halved with Couples, 
United States. 

Chip Beck, United States. act Lane. Eunwe. 

1 - op. 

Colin Montgomerie. Europe, del. Lee Jan- 
zen. Uniled Slates. 1 -up. 

Gallagher Jr. united Slates, def. Balles- 
teros. Europe. 3 and Z 
Kile, United Stoics, def. Longer, Europe. 5 
and X 

Love ill, united States, def. Racca. Europe. 
l*xv 

Ftovd. united states, def. OtazabaL Europe. 

2- up. 

Fakla, Europe, halved with Azinaer, United 
States. 


DENNIS THE MENACE 


PEANUTS 


CALVIN AND HOBBES 


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from Michad Slx*h and Marc-Kcnn 
Godlncr i>n Ihc indtw clay conn in 
Borlongc. Sweden. 

Stidi rolled wer Sicfxn fcdberK. 
M. 6-1. for his third wiory in « 
manv dav* and Godlncr bcai Hen- 
rik Holm. 7* W. to su> 
unbeaten in L up play. 

Siidi and Paink Kiihncn had pui 
Germanv in Uw final on Salurday 
when ttiev rorned ihc unbeaten 
doubles rword pf Andetk Jartyd 
and Holm, ft-4. t^4. ^*b- 
“The Swedes were not as street 
as we thought they wuU h*.- and 
Slich. “We had a go»xl team spirit 
and thai was an imporuni factor u? 
the viewy." . _ - 

Australia, planug in inc final for 
the 43d rime. «iU he seeking its 27th 
title. Ontv the Uniied Sutcs, with 
30, has more. Germam «iU be mak- 
ing its fifth appearance in. the final. 
It won the cup in and 1VK4. 

Australia and Germany have 
never met in the final, although the 
Australians hold a 3-1 hfeome re- 
cord over the Germans in the Davis 
Cup ploy. 

(.-IP. Reuters) 


Bill- M 


ileum Sunday from the OMdiemeter 
(ZTn-mttel Autodrome rtreett m Kstertr. 1. 
Michael Schumacher, Germany. Benett o n- 
Font l hour. 33 minutes. 469* seconds, ever- 
ase sneed I99j«7lkph 1124 MB mph); ZMate 
Prost. France, Williams- Renown, .962 secead 
behind; X Damon HHL Britain, W1llkmn-Re- 
noull, 8306 seconds; *• Jean AwsL Franca, 
FwrarL 1 -07ADS; X Karl WendUnuer. Auttrta. 
Sauber. 1 laa hMUML 
XMortln Brunette. Britain, LtBUr-Ranautt.l 
tap behind; 7, J J. Lrtitn. Finiemt, Sauber. 2 
lap; 8 PterLolol Martini, I talv, MlnartB-Ford. 
2 tarn: ?. Christian FmiaaW. Brazil. ANnmal- 
FortL 2 taps; 18 PfiiUoM AlUat, France. Lor- 
rausu-Lambarehln!. 2 tape. 

Drivers' Stendtaes; i- Prost. *7 Botafs: ZHHl 
62; 1 Ayrton Senna Brazil. Mctortn Ford 61; 4 
Schumociwr- 52; 1 Rlccarde Pafresc, itafv, 
Berotton-Fora 28 6. Atest U; 7. BrunOe. »i 8 
Jttww Herbert, Britain. Loh»-Fort.M;B.(H*l 
MarkBIWKM4LBrlMALWer-R*Klutt.Mi GeT- 
nerd Berger. Ferrari Austria U 
Constructors’ siamMes: l, Williams- Re- 
nault, 149 aotats.- X Benetton- Font 72; 1 
McLaren- Ford. 60; 8 Ferrari. 23; % Llater- 
Renautfc 27; 8 ItW uttia-Far& 12; Sauber. 
12; 8 iWnerdi-Fard, 7; 9, Foarwcrk Musvrv 
Handa 4; Mt LorrouMe-LamnorghlnL 1 











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INTERNATIONAL HERALD TRIBUNE, MONDAY, SEPTEMBER 27, 1993 


Page 15 



ill 


MU L' 

MV 


Mf, 


SPORTS 


Colts Knock Off 
Browns, 23-10, 
As Bills Stumble 


Ha. 


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The Associated Preu 
TTiis time. Vinny Testaverde’s 
comeback attempt crashed Sub- 
bing for an ineffective Bernie Ko- 
sar for the second week in a row. 


$ 


TrrtV,;. t T *** ™ a row. 
Tstaverde threw an interception 

and fumbled m ibe end zone on 
Cleveland s last two chances as the 
Browns lost to the Colts, 23-10. on 
Sunday m Indianapolis. 

hon ° I ? *“» ti rae went 
to Jack Trudeau, who led the Colts 

NFL ROUNDUP 

on a 65-yard march that ended in a 
six-yard touchdown run by Antho- 
ny Johnson to give Indianapolis a 
16-10 lead with 3: 14 left. 

The Colts added another touch- 
down off Testaverde’s fumble 
when Jeff Herrod fell on the ball in 
the end zone with 1:19 left. 

Testa verde, who finished 9-oM6 
for 127 yards with three sacks and 
an interception, gave the Browns 
(3-1) the lead at 7-6 on a 10-yard 
touchdown pass to Brian Kinchen 
midway through the third quarter. 

Dean Biasucci’s 26-yaid field 
goal, his third of the game, pat 
Indianapolis (2-1) ahead briefly, 
but a 46-yard pass from Testaverde 
to Mark Carrier set up a 32-yard 
field goal by Man Stover on the 
first play of the final period. 

Stover missed a 52-yard try on 
the Browns' next possession,' and 
the Colts drove from the Cleveland 
35 for the go-ahead score. 

Dolptins 22, KHs 13: In Orchard 
Park, New York, Dan Marino 
quieted the crowd for the second 
straight year as Miami downed 
Buffalo. 

Marino passed for one touch- 
down and ran for another as the 
Dolphins scored on their first four 
possessions for a quick 19-0 lead. It 
was the straight year that Miami 
banded Buffalo its first loss on the 
Bills’ home field. 

The result left both teams at 2-1 
but gave the Dolphins the early 
advantage in the head-to-head se- 
ries, the first tie-breaker in deciding 
the division winner at season’s end. 

Marino, who finished 20 of 32 
for 282 yards, threw a 36-yard 
touchdown pass to Irving Ftyar 
and also ran four yards for a touch- 
down as. Miami, beat. Buffalo /or 
only the third time in their last 15 
meetings. 

The Dolphins’ defense registered 
three sacks and two interceptions 
of Jim Kelly and limited Thurman 
Thomas to 46 yards rushing. 
Thomas injured his right calf m the 
first half and played sparingly in 
the second half. 

Lions 26. Cardinals 20: With An- 
dre Ware starting in place of Rod- 
ney Peete at quarterback, the lions 
scored their first touchdowns since 
opening day and defeated Phoenix 
in Pontiac, 'Michigan. 

Ware, the 1989 Heisman Trophy 
winner making only his fifth career 
start, completed 1 1 of 24 passes for 
194 yards, including a nine-yard 
touchdown pass to Brett Peniman. 

Derrick Moore scored on a one- 
yard run and Jason Hanson kicked 
field goals of 44. 22, 33 and 38 
yards Tor Detroit (3-1). 

Steve Beueriein completed 23 of 
31 passes for 288 yards and two 
touchdowns for the Cardinals (1- 
3). He hooked up with Ricky 
Proehl Tor a 51-yard score and with 
Walter Reeves on a two-yarder. 
Greg Davis kicked field goals of 54 
and 30 yards for Phoenix. 

The Lions defense recovered 
three Phoenix fumbles. 

Bears 47, Buccaneers 17: Chica- 
go gave its coach, Dave WannsiedL 
his first victory, and Jim Harbaugb 
passed for two touchdowns and ran 
for another to stop visiting Tampa 
Bay. 

The Bears 1 1-2) scored four 
touchdowns in the second quarter, 
including two in a span of 23 sec- 
onds, with Harbaugh throwing 
scoring passes of 25 yards to Ryan 
Wetnighi and 17 yards to Tom 
Waddle. 

The Buccaneers (0-3) scored a 
touchdown on the final play of the 
first hair on a desperation 62-yard 
pass from Craig Erickson to Lamar 
Thomas, cutting the lead to 28-10. 

But the Buccaneers were never a 
factor as the Bears also got their 
running game going, with Neal An- 
derson gaining 104 yards on -3 
carries. It was his first 100 -yard 
game since the 1991 playoffs 
against New Orleans. 

The Bears turned three fumble 
recoveries into touchdowns, the 
easiest coming in the fourth quar- 
ter. Erickson fumbled on a Ron 
Cox hit and Mvron Baker picked 
up the ball. Baker went eight yards 
for a touchdown and a 41-10 lead. 

Rams 28. Oilers 13: Quarterback 
Jim Everett, criticized for his per- 
formance this season, threw three 
touchdown passes and refused,^ 
wilt under the Oilers blitz, leading 
Los Angeles (2-2) in Houston. 

Houston’s run-and-shoot o»- 
fense was held to a pan of field 
goals and trailed 14-6 when Warren 
Moon finally hit an 80-yaid touch- 
down pass id Ernest Ginns. »h> 
streaked past two defenders mid- 
way in the third quarter. 

That cut the Rams lead to 14-13. 
but Everett came back with fouchr 
down passes or 22 yards to Travu 
McNeal in the Uiird quarter and 48 

yards to Henry Eflard with 1.10 
gone m the fourth quariej^ 

Everett completed two thmo- 


be beat Houston's blitz for an 18 - 
pass to Wilhe Anderstm to the 

Oilers 24. 

Everett completed 19 of 28 
passes for 316 yards, his biggest 
day since Dec. 6 , when he passed fo 
342 yards in a 31-27 victory over 
Tampa Bay. 

VHangs 15, Packers 13: In Min- 
neapolis, Jim McMahon completed 
a 45-yard pass to Eric Guilford 
with six seconds to play, setting up 
Fuad Reveiz’s fifth field goal and 
the Vikings rallied over Green Bay. • 

On third -and- 10 from the 50. the 
Packers (1-2) blew their cove rage 
and McMahon, who had rolled right 
to avoid the rush, spotted Guliford 
all alone at the 11 . Guliford went 6 
more yards before he was pushed 
out of bounds by Mike Prior. 

Reveiz. whose 49-yard attempt 
hit the crossbar with 2:40 left, then 
kicked a 22-yarder for the Vikings' 
fifth victory in their last six games 
against Green Biy. The five field 
goals were a career high for Reveiz, 
who had been bothered by an ankle 
injury. His other kicks were from 
35, 19, 29 and 51 yards. 

McMahon, signed as a free agent 
in the offseason, has won his last 
nine starts against the Packers. The 
last time be played in a loss to the 
Packers was in 1983, when he was a 
second-year pro with Chicago. 



U.S. Team Powers Back 
To Retain the Ryder Cup 


Maxi Homptucv'Thc Aaaonaknd Pms 

Bodt the Tennessee receiver Cory Fleming (12) and LSlTs Tory James ended up empty-handed. 


Miami Survives Late Colorado Charge 


Compiled ty Our Staff Front Dispatcher 

No. 3 Miami survived a late 14- 
point charge by No. 13 Colorado to 
notch its third straight victcny, 35- 
29, and stay undefeated. 

Twelve players were ejected after 
a bench-clearing brawl near the 
end of the first half of the game in 
Boulder, Colorado. At least a half- 
dozen fights broke out as players 
from both sides stormed onto the 

COIIEGE FOOTBALL 

field, and it took several minutes 
for officials to restore order. 

The melee began after a Miami 
kickoff sailed through the end zone 
with 20 seconds left in the half. The 
Hurricanes hati ~scored"a ‘quick 
touchdown moments before to take 
a 21-6 lead. 

Fists fkw. and two players — 
Kevin Patrick of Mann and Ger- 
ald An car oT Colorado — wrestled' 
in the end zone. Forcing Colorado 
cheerleaders to scurry to safety. 

After theoffidals got the trams 

were* Jssessed^Cbforado receiver 
Michael Westbrook threw his hel- 
met in disgust after being informed 
he was among five Colorado play- 
ers ejected from the contest. 

Frank Costa threw two touch- 
down passes and Donnell Bennett 
rushed for two scores for the Hurri- 
canes, who won their 30lh consecu- 
tive regular-season game. 

No. 2 Alabama 56, Louisiana 
Tech 3: In Birmragham, Alabama, 
Sherman Williams ran Tot three 
touchdowns aud David Palmer 
caught two. The Crimson Tide (4- 
0 ) extended the nation's longest 
winning streak to 27 games, while 
Tech (0-3) again failed to score its 
first touchdown of the season. 


Na 4 Notre Dame 17. Purdue 0: 
In West Lafayette, Indiana, defen- 
sive end Brian Hamilxon returned a 
fumble 28 yards for a touchdown in 
the third quarter, and the Irish (4-0) 
scored 10 points in. the final four 
minutes. Purdue (1-2) has not de- 
feated Notre Dame since 1985. 

No. 6 Nebraska 48, Colorado 
State 13: In Lincoln. Nebraska, 
Tommie Frazier passed for two 
touchdowns and ran for one. The 
Comhuskers (4-0) did not surren- 
der a touchdown to Colorado State 
(1-3) until 3:53 remained. 

No. 8 Michigan 42, Houston 21: 
In Ann Arbor. Mic h i gan, Tyrone 
Wheatley piled tn> 171 yards and 
scored tnree touchdowns to power 
the Wolverines in a nonconference’ 
game. Mdugan (2-1) led 28-0 early 
m the second quarter, but Houston 
(0-3) dosed to 35-21 by the fourth. 

No. 9 Peso Stale 31, Rutgers 7: 
In State College, Pennsylvania. 
Kerry Collins completed 18 of 25 
passes for 222 yards and four 
touchdowns as the Nittany Lions 
(4-0) dominated the Scarlet 
Knights (2-1). 

No. 10 Oklahoma 41, Tuba 20: 
In Norman, Oklahoma, Cale 
Gundy threw three touchdown 
passes" and the Sooners (3-0) used a 
blocked punt and a fumble recov- 
ery late in the game to pull away 
from a 20-20 lie. Tulsa r«l to 1-3. 

Na II Tennessee 42, LSU 20: In 
Knoxville. Tennessee, Heath 
Shuler threw three touchdown 
passes and his brother Benji caught 
one as Tennessee (3-1, 2-1 SEC) 
easily beat the Tigers (1-3, 1-2). 

No. 12 Syracuse 24, Cincinnati 
21: In Syracuse, New York, the 
Orangemen (3-0-1 ) rallied with two 
touchdowns, a field goal and three 


defensive stands in the final 9:46 
against the Bearcats (2-2). 

Na 15 Arizona 33, Oregon St (h 
In Corvallis, Oregon, the Wildcats' 
(4-0) defense never let Oregon Stale 
(1-3, 0-2 Pac-10) past the Arizona 
35, and held the Beavers to 62 yards 
rushing. 

Na 16 Washington 35, East Car- 
oEna 0: In Seattle, Napoleon Kauf- 
man ran for 142 yards and two 
touchdowns and the Huskies' (2-1) 
defense forced five turnovers. 

UCLA 28, Na 17 Stanford 25: In 
Stanford, California. UCLA (1-2) 
won its first game of the season, 
getting 187 rushing yards from 
Shannon Shah and forcing four 
turnovers. The Cardinal (2-2) ran_ 
out of time on their final drive after" 
scoring a touchdown with 2: 16 left 

Na 18 North Carofina 35, Na 19 
N.C State 14: In Raleigh, North 
Carotma, the Tar Heels (4-1. 2-1 
ACC) came back from a lopsided 
loss to Florida State and beat foe 
Wollback (2-1, 1-1). The first half 
ended with a fight between the 
players, and two assistant coaches 
got into a scuffle after the game. 

Na2tt California 46, San Jose 
State 13; In Berkeley, California. 
Lindsey Chapman scored twice 
and Dave Barr was 23-for-2S for 
242 yards for Cal (4-0). The Spar- 
tans dropped to 04. 

Na 21 BYU30, Air Force 3: In 
Provo, Utah, Eric Drage caught 12 
passes for 21 3 yards and two touch- 
downs to break two school receiv- 
ing records. John Walsh had three 
touchdown passes for BYU (4-0. 3- 
0 WAC). 

No. 22 Virginia 35, Duke (h In 
Charlottesville, Virginia, foe Cava- 
liers (44), 3-0 ACOgot their 500th 
victory in their 1 , 000 th game and 


beat Duke ( 1-3, 0-2) for the fifth 
straight time. 

Na 23 Wisconsin 27, Indema 15: 
In Bloomington, Indiana, Brent 
Moss rushed for 198 yards and Ter- 
rell Fletcher had 99 lor the Badgers 
(4-0. 1-0 Big Ten). 

Na 24 LouisviBe 4L Texas 10: 
In Louisville, Kentucky, Ralph 
Dawkins rushed for 117 yards and 
caught three passes for 95 yards 
and a touchdown for foe Cardinals 
(4-0). Texas fell to 0-2-1. 

No. 25 Auburn 35, Southern 
Mississippi 24: Southern Miss (1-2) 
stunned foe Auburn crowd by scor- 
ing three Limes in the first nine 
minutes of foe third quarter to go 
ahead 24-21, but Auburn (4-0) ral- 
lied for the victory. (AP. UPJ) 


By Ian Thomsen 

Imemmtmal Herald Tribune 

SUTTON COLDFIELD, Eng- 
land — The 30fo Ryder Cup fell 
into American hands on Sunday, 
knocked ov er by a worker from an 
Italian factory who only wanted to 
hold it until 'the world's greatest 
player could arrive. All at once it 
was over, with Nick Faldo still on 
foe course. Walking toward his 
□ext shot, he took notice of the sad 
quiet. 

Up ahead trudged his morose 
teammate, Constantino Rocca, 
from the 18ih green. His wife was 
trying to hug him. bat his arms 
hung like anchor chains, and she 
was too small. He walked through 
her embrace as if leaving the scene 
of an accident. After the U.S. team 
bad retained the cup with a 15-13 
victory, Rocca's European team- 
mates gathered for a press confer- 
ence. 

“We all felt for Rocca," said the 
European captain. Bernard Gal- 
lacher. “The Ryder Cup, in my 
opinion, unfortunately revolved 
around Rocca. When you're the 
first Italian to play in the Ryder 
Cup ..." 

Ian Woosnam of Wales inter- 
rupted. saying, "That’s enough of 
that" 

“Like I said earlier," Gallacher 
said, “no one lost foe Ryder Cup. 
The Americans won iL" ’ 

A lot of Europeans better than 
Rocca had lo lose their singles 
matches' on Sunday for it to have 
happened like this. 'Seve Ballesteros 
had lost already and Jc*se- Mari a 
Olazabal and Bernhard Longer 
were losine; badly, while Bam- 
Lane had choked away four of the 
last five holes of his loss and Woos- 
nam, the hottest player, had relin- 
quished a two-hole advantage in his 
halved match. 

So dow they all were looking to 
Rocca, 36. only a decade removed 
from the factory where he worked 
for eight years, and he was behav- 
ing like a hero. 

Birdieing foe 1 4th and 15th. 
Rocca overturned the one-hole ad- 
vantage of Davis Love 3d. Rocca 
almost birdied No. 17 to win the 
match, leaving himself a short 
stride from par. The puu would 
retain his one-hole advantage; win 
this match, Rocca knew, and foe 
Cup could then be won by Faldo, 
the world No. 1. who like Hercules 
was hitting a hole-in-one at No. 14 
to go one-up on Paul Azinger, • - 


It was a 3-foot putt and Rocca 
missed it. it didn't ricochet or 
bounce out. He really missed iL 
and now on the 18th tee he was 
staggering away from his ball, un- 
certain. They were even, at love 
with Love, and Rocca's 18th drive 
was fading into the right rough. He 
had to win the holt hut ms ap- 
proach barely cleared foe water. 

Ballesteros and others were 
kneeling around the green and the 
crowd was roaring out the name of 
Constantino with no confidence in 
it at all. Across the pond a man all 
in black was posting colored num- 
bers on a giant white scoreboard. 

Rocca chipped up 20 feel past 
and missed the putt for par coming 
bock, while Love sank a 6 -footcr 
for par. and foe man across the way 
posted a score that assured Ray- 
mond Floyd or halving his match 
with Olazabal. Everyone could 
count 14 points for foe .Americans, 
assuring them of retaining their 
Cup won in 19Q). and later some- 
one went out on the course and told 
Faldo. 

When foe American captain. 
Tom Watson, figured how his 12 
player?, won 10 r 2 of the last 16 
matches, and six of the last eight 
points, he settled on what John 
Cook and Chip Beck had done for 
him Saturday afternoon. Led by 
Woosnam and Faldo, the Europe- 
ans had won three of the four alter- 
nating-shot foursomes in the morn- 
ing Saturday, taking a T'vlod'i 
lead and threatening to bury the 
United States in the afternoon 
FourbalLs. 

Ballesteros, however, did not 
play in the afternoon, at his re- 
quest. Losses were suffered by 
Rocca and Joakim Haeggman. also 
his country's first representative, 
Trom Sweden. By late afternoon the 
undefeated team of Faldo and Col- 
in Montgomerie appeared frazzled, 
as Faldo missed a putt at 18 ihat 
might have halved their foursome 
with Cook and Beck. Making their 
first appearance here, the Ameri- 
cans' two-up victory brought them 
within 8'“-to-74 cm the eve of foe 
final 12 singles. 

Each team received a half-point 
Sunday morning when Sam Tor- 
rance was forced to withdraw with 
an infected toe. In response, Lanny 
Wadkins, a wild-card selection by- 
American captain Tom Watson, of- 
fered to withdraw from his match 
against Ballesteros. Ultimately it 
made little difference, as Wadkins 


replacement. Jim Gallagher Jr., 
dominated Ballesteros. 3 and 1 
Ballesteros and Olazabal are bril- 
liant together, but without each 
other they produced three of Eu- 
rope's seven finishing losses. 

“It would be best not to talk 
about the scordine." Gallacher 
said. “Otherwise we'd start having 
postmortems and blaming people." 

The day began with a meeting of 
Woosnam. with 4': point, the only 
undefeated player, against Fred 
Couples, whose pairings had lost 
3 1 : points for America. It v. as a day 
Faldo said mould benefit his team, 
windy and gray. an«J with no one 
playing in front or them, the pen- 
guidish Woos turn's head poked out 
os he walked the fairwavs. his jaw a 
clenched plow against foe cold. Ev- 
ery few moments roars exploded at 
the site of any great European per- 
formance. il»c~ debris landing in 
gentle applause elsewhere. 

At No. IS. Woosnam almost 
forcc-puttnl from 12 feet at foe risk 
of his match. The last was a four- 
footer — his worst distance — and 
when it collapsed into the hole he 
looked up to see Couples up-; 
preaching him. crabbing his own 
hair and smiling. Then Woosnam's 
wife and son hugged him as if he'd 
come out or a burning building. 

Other Europeans followed with 
good results. Montgomery heat Lee 
Janzen. the U.S. Open champion, 
one-up; Cup rookie Peter Baker 
beat Corey Pjvin two-up. finishing 
with a 25-fooi birdie .u IK. and 
Haeggman won one-up when John 
Cook drove into a bunker and hit 
his approach shot into the water ut 
IK. 

Needing a victory of 14’: points 
to lake the Cup front the United 
Stales, foe Europeans led. 12’: to 
lOb. with five matches still in play. 

Ultimately they were doomed by 
collapses such as Lane's, in his 1- 
dow-n defeat to Beck, culminating 
with a watery ISlh identical to 
Cook's. 

The United States- dominated foe 
bottom half or the draw, with 
Payne Stewart beating Mark 
James. 3 and 2: Tom Kite destroy- 
ing Longer. 5 and 3; Find at 51 
the oldest player in the Ryder his-, 
toiy and foe only one not to bogey- 
on Sunday, ultimately finishing off 
Olazabal at 2-up. and Azinger sink; 
ing a 10 -footer for the birdie that 
halved his pride match with Faldo, 
long after the result was in. 


down passes to set up McNgTs 
tcrtKhdowTLincluding one in winch 


Beijing Says 
Finishing 2d 
Isn’t AUBad 

Compiled by Our Staff From Dispatches 

BELTING — Seeking to allay 
public dismay. over its failure to 
win the 2000 Olympics, China said 
Sunday foal the bid alone had 
brought various benefits to Beijing, 
including improved roads, tele- 
phone service and air quality. 

The People's Daily said the bid 
had stirrea a spirit of patriotism 
among Chinese people, inspired 
national pride and self-confidence 
and encouraged economic con- 
struction and Mien-door policies. 

It also had helped to improve the 
capital, raising its green area to 28 
percent. The city’s 30 sports stadi- 
ums had been renovated, the quah- 
ly of its air improved and a con- 
tract to build a 960 -kilomeieT (590- 
mile) pipeline to carry gas from 
Shaanxi had been signed, which 
would cut use of coal, the papa- 

said. . _ 

Meanwhile, foe Chinese Com- 
munist Party, reneging on a pledge 
to refrain from finger-pointing, al- 
lowed its media to vffify the United 
States and Britain for apposing 
Beijing's bid to stage the Games. 

A front-page commentary Satur- 
day in the Beijing Youth News sin- 
gled pul “unprovoked"' opposition 
from the U.S. Congress and For- 
eign Secretary Douglas Hurd of 
Britain, who had opposed the bid 
on human rights grounds. 

u was the first official ann-for- 
ajm rhetoric since foe Internaticm- 
aJOtympic Committee awarded 

foe Games to Sydney on Thursday. 

Dick Pound, a Canadian in 
charge 0 f IOC marketing and tele- 
vision, said the 

-an unbelievable opportunity” by 
not awarding foe Games to Begmg. 

(Reuters, AFP, AP) 


SIDELINES 


Marseille Pins Violence on Referee 

PARIS (Combined Dispatches) — Marseille soccer team officials 
blasted foe referee over foe weekend after disputed calls during a game 
Friday angered fans, who flooded foe field and dashed with the police. 
Nineteen people were injured and foe game was suspended. 

The incident, which could result in new penalties for Olympique 
Marseille, was the latest blow to a team that was stripped of its 
championship title because of bribery allegations. 

But foe dub's president, Bernard Tapie, said he did not plan to quit. 
“Today foe club is caught in turmoil and no end is in sight” he said. “It 
would be foe worst time to flee " (AP. ReuJersl 

14 Yachts Open the Whitbread Race 

SOUTHAMPTON. England (Combined Dispatches) — Fourteen 

, . * «i - - c* — i 


ana y OUul* IOC amj xhiumj cpuj, wpper 1VUUUKW fiumpiu 

youngest captain in the history of the race. There are two entries from the 
United States — USWC (VS. Women’s Challenge), the only yacht with an 
all-female crew, and Winston, skippered by Dennis Conner. 

• Id Perth. Australia, Russell Courts of New Zealand defeated Ed 
Baird of the United Slates in the final Sunday to retain his world match 
racing sailing tide. (Reuters. AFP) 

Keating Beats foe Republican Drum 

CANBERRA [ Reuters) — Prime Minister Paul Keating said Sunday 
that Sydney’s successful bid for the 2000 Olympics would spur Australia’s 
movement to become a republic. 

Keating, who wants to remove Queen Elizabeth II of Britain as 
Australia s bead of state by 2001, said it was possible that an Australian 
president would open foe Games. But he denied reports that he had got a 
dully reception from the queen when Ik briefed her on his plana. 

For ihe Record 

Boris Becker of Germany, defen ding champion and top seed, pulled 
out of the Basel indoor lomis tournament because of a foot injury. He 
will be replaced by his compatriot Michael Such, and Stefan Edbeig wfl] 
be the top seed. The tournament starts Tuesday. (Reuters) 


Giovanni Parisi of Italy won the World Boring . 
weight title Saturday when he outpointed Antonio 
Puerto Rico. 


lion light- 
Rivera of 
(Reuters) 


Rolando BoboL, a fomier IBF bantamweight champion, has been arrest- 
ed in the Philippines on a tape charge. The complaint was filed by a 16- 
year-old girl who claimed Bohol raped her last year, (AP) 

Hector Morales, coach of EcnadoFs top soccer drib, was stabbed to 
deafo when be tried to prevent thieves from stealing his car. (AP) 



l . 




Page 16 


INTERNATIONAL HERALD TRIBUNE, MONDAY, SEPTEMBER 27, 1993 


The Folies Bergere’s Empress of the Night 


LANGUAGE 


Imemational Hen tU Tribune 

P ARIS — After many curtain calls at 
the premiere of the new Folks Bergfcre 
revue, Alfredo Arias, (he director, stepped 
in front of the traditional Folies staircase, 
surrounded by his vividly dressed cast and 
by eight performing poodles, some of 
which had agreed tojump through a hoop, 
and (old the audience, “When people ask 
what is the maddest and most marvelous 
thing that has happened to me. it is my 
meeting with Madame Martini." 

Everyone knows the Folies. as much a 
Paris institution os its coeval the Eiffel 

MARY BLUME 

Tower which has been known to appear in 
an ostrich plume replica on top of show- 
girls’ heads. And many people have heard 
of Art as. the Argentinian showman whose 
productions have ranged from an adapta- 
tion of Henry James to a revue called 
"Luxe. 1 ' Who is Madame Martini? 

Heine Martini, owner of the Folies since 
1974, is known as the Empress of the 
Night because she owns a handful of Pi- 
gal Ic clubs as well as the Sheherazade. 
where gypsy strings wailed for decades, 
and the Raspouiine off the Champs- Ely - 
sees with a Russian decor by Erte. 

The Empress, now in her late 60s. is 
tightly chignonned and rather prim, 
creamily conversational although while 
talking she unconsciously clenches and 
releases her left fisL Her motto, she says, is 
never surrender. 

“There is no mystery about me.” she 
says. “I go out very' little. I work and I love 
the countryside so there's nothing much to 
say.” 

Each night from 9 P. M. to 4 A. M she 
tours her clubs, drinking only tea. After- 
noons she is in her Folies office. She lives 
alone in a Pigalle flat decorated by Erie 
and surveys the street through binoculars. 
“It's amusing, if someone is shouting or 
singing one likes to see what it’s abouL" 
She says she is not a hard woman but that 
the nightclub world is cruel. 

“Very crueL In life one can count only 
on oneself. You cannot rely on anyone's 
friendship, no matter whom.” She says 
Erto was her best friend but they never 
addressed each other by their first names. 

“You have to say 1 care about so-and-so 
without expecting anything in return, that 
way you arc not disappointed. Caring for 
someone is already pleasant enough, but 
as for what is passing through that per- 
son’s head, how can one really know?” 

The story she tells is as simple and as 
fabulous as a Folies revue. Her father, a 
Frenchman named dc Cressac. married 
her Russian mother and lived on his wife’s 
estate in Poland where he quickly spent 
her dowry. At (he start of World War 11. 







Helene Martini: “I chat, I chat a lot That's my system." 


her father was taken away by the Germans 
and when Hel£ne tried to find him she was 
also sent to a camp and later imprisoned 
by the Russians as well. She never saw her 
parents again. 

After the war. she went to France where 
she found a job as a draftsman. “I draw 
not too badly but hundreds of people draw 
better. I can do everything — if you tell me 
I have to make yogurts I'll make yogurts, if 
1 have to sweep I'll sweep. Lf dresses must 
be sewn I'll sew. more or less welL But I'll 
do something, that’s for sure.” She likes to 
say that a cat backed against a wall can 
become a tiger. 

She found a job as a Folies Berg/tre 
showgirl, nude because she wasn’t tall 
enough to be clothed. “You had to be at 
least l meter 80 and I am only 1.69.” 

One afternoon, at a bookstore on the 
Boulevard Sainl-Michd. she met her fu- 
ture husband. Nachat Martini. “I was very 
shy and would never have spoken to a 
strange man, but in a bookstore it is posa- 
ble. He invited me to tea at Pons, perhaps I 
didn’t dare refuse out of shyness. And 
after we didn't leave each other.” 

Martini known in Pigalle as “The Leba- 
nese.” was in fact a Syrian lawyer and 
politician who came to France after a 
political upheaval. A teaching position at 
the Sorbonne having fallen through, he 


bought a nightclub shortly before meeting 
his future wife. 

“He was looking for something to da 
He went out a lot and one night a maitre 
d’h&iel said, ’Monsieur Martini ance you 
go out all the time why don’t you buy your 
own cabaret?” His wife went into his 
rapidly expanding business with him. 

“He was very honest and saw only good 
everywhere and everyone was robbing him 
blind. I took over because 1 had seen a 
thing or two.” When Martini died during a 
slimming cure in I960, his widow became 
the Empress of the Night. Although it 
wasn’t easy, she says that after her years in 
German and Russian camps she wasn’t 
about to be pushed around. Also she is a 
night person. 

“The night brings security. It’s like 
thunderstorms. They calm me. Why? Be- 
cause in the war if there were storms you 
knew there would be no bombing raids.” 

When she expanded her empire by buy- 
ing the Folies in 1974 its feathers were 
already bedraggled but it was still coasting 
on its reputation as the symbol of Gay 
Pares whose past stars included Maurice 
Chevalier. MistingueiL Little Uch. Yvette 
Guilbert La Belle Otero, Loie Fuller. Les 
Barn urn's Sisters and Josephine Baker, 
whose impersonation of Mary Queen of 
Scots ended with her ascending the Folies 
staircase to her execution while the theater 


was transformed into Chartres cathedral 
and the chorus sang Ave Maria. 

Tour buses still came until the Gulf 
War. Last year Madame Martini closed 
the Folies, forever people thought but she 
says she was just planning a revamp. “U 
wasn't going too badly — we were taking 
in 18 million francs a night.” She counts in 
old francs abolished in 1963; the present 
day equivalent is 180.000 francs. 

“The old formula was worn out, all 
those tons of sequins and very link artistic 
talent- 1 think people were fed up with that 
profusion of rhinestones and pearls." 

While she respects such Folies tradi- 
tions as the staircase and having a title of 
13 letters — the present one is “Fous ties 
Folies” — she is aiming at a Parisian 
audience rather than at tourists. 

“Parisians see us mostly as a tourist 
attraction. I want them to come and to be 

followed by the provinces and foreigners 
who want to see what is A la mode.” 

Her choice of Alfredo Arias as director 
was inspired since no one is better at 
combining high camp and Theater with a 
capital T. “Fous des Folies” begins rather 
magically with a live white hone dancing 
soundlessly on the darkened stage, fol- 
lowed by a male soprano singing on aria 
into his heavily-miked feather boa. There 
is less nudity, a faster pace, a Michael 
Jackson song as well as “Abba Dabba 
Honeymoon,” inspired lunacy such as an 
imitation Callas singing “Casta Diva” 
while circling the stage on a bicycle in a 
low-lying fog, and enough ironic refer- 
ences to make “Fous des Folies” the very 
model of a postmodern revue. 

it is another kind of fairyland and per- 
haps not one that will entrance the dauv- 
raan in Paris for the agricultural show or the 
office lady from Osaka. There is a sense that 
the show is trying to be aU things to aO 
audiences: the first advertisement in the 
program is for foie gras, the last for beer. 

“We will see if it works, it has to work.” 
Madame Martini said on opening night. 


From Red Tape to Regospeak 


circumspect in brown brocade by Per 
Spook. The audience included Jack Lang, 
Bernard Pivot, An dree Putman, Jean-Paul 
Gaultier and Tom Cruise. 

Now that the Folies is launched, Ma- 
dame Martini will return to her nightly 
round of Pigalle. At each of her dubs ber 
routine is the same. “! chat, I chat a lot 
Thai’s my system because if you ask is all 
is going well, U everyone here, they’ll say 
Oui Madame. But if you start talking 
about the weaiher you end up learning 
what you want to learn." 

Weekends she goes to her country house 
near Paris where, as in her Pigalle flat, she 
keeps a cache of canned foods and other 
staples. “In the country I have a little 
motorbike with a lull gas tank as wdL The 
war marks one, you. know." 


By William Safire 

W ASHINGTON — REGO — a word formed from 
the fust syllables of “reinventing government,” 
the title of a 1$92 book by David Osborne and Ted 
Gaebier — burst on the U. S. scene this month, pro- 
pelled by a photo of the presdent and vice president 
denouncing government waste and standing in from of! 
forklift tracks holding obfuscatory regulations. 

“From Red Tape to Results" was the selling line 
above the report of the National Performance Review, 
signed 'by Vice Presdent A1 Gore. Red tope was 
popularized by Thomas Carlyle in 1830, describing 
himself as "little other than a red tape Talking-ma- 
chine, and unhappy Bag of Parliamentary Eloquence.” 
A decade earlier, Washington Irving had derided a 
politician with “His brain was little better than red 
tape and parchment"; both references were to the red 
ribbon used to bind official documents and court 
briefs. (Results, from the Latin for “to leap back." 
entered En glish in 1432, filling the need for a word to 
express the effects of an action.) 

The REGO report (not to be confused with i MEGO, 
an acronym for “my eyes glaze over") was written and 
edited by gnomes determined to reinvent grammar 
and usage. 

In the retnveatioa of spelling, we have should spelled 
shoud; there is a case for dropping the/ if you believe in 
simplified spelling, but the word would men be better 
spelled shood. Gore, in his transmittal letter, hailed 
government workers with “Tins report benefited great- 
ly from ihrir involvement”; in old-style, unrein vented 
spelling, that would be benefited. He quotes himself as 
saying that these dedicated bureaucrats “cannot be 
treated like automatons or children bound up in 
straight) ackets.” Dedicated child-binders usually spell 
that stndtjacket; the jacket is not straight, meaning 
“free of curves" or “following strictly" or “without 
exceptions.” as in “The gay man voted a straight ticket,” 
buLirra/T. meaning “narrow" and “confining” as in the 
poet's “It matters not how strait the gate." 

I will give a pass to “Reeingeering Through Infor- 
mation Technology” in the appendix, because that 
word is spelled reengineering in the main body or the 
report, and typos are to be expected in a document 
written without the help of spelling checkers or other 
information technology. However, I would put a hy- 
phen between the double vowels as an aid to pronunci- 
ation; re-engineering. 


In the reinvented language modifiers are placed by 
whim. In “the intensive, 6-month study of toe federal 
government (hat you requested.” it was the study, not 
the “federal government," that was requested; that 
phrase would have benefited (one t) from recasting (no 
hyphen). Also, the U. S. Government Printing Office 
Style Manual calls for capitalizing Federal Government 
and writing out numbers from one to nine, then using 
numerals, exoept for units of time; thus, 6-month is 
right, but the report’s “savings in four years” is 
inconastenL 

Gore is of two minds about capitalizing federal: 
“Make it a Worry,” he urges, “to knowingly lie on an 
application for benefits under the federal Employees’ 
Compensation Act and amend Federal law." Pick one 
and stick to it. Al, especially in the am sentence. He's 


inconsistent about capitalizing Congressional^ m “Con- 
gressonal appropriations” and “congressonal budgets 
(I say keep it lowercase in general references, and uus 
strange style manual agrees with me), and he smUs fas 
own regime both up and down: better to stick with the 
Clinton Administration. . ... 

Regospeak features an odd choree of words. Most 
importantly doesn't really need that A*. Increasingly tiny 
sounds funny. “Consistency of agency actions — with 
each other and with the president’s program ^ suggests 
more than two, calling fra - one another, not each tana-. A 
sentence that reads, in its entirety, “The ume is npe 
sort of sits there, getting rotten, calling out for an 
extension of the cliche to “The time is npefor (whatev- 
er).” And when recommending a biennial budget, to be 
issued “each even-numbered year," note that the year in 
between is not one of the “off years." as the report 
slates, but an “odd-numbered year." The president may 
be having an off year, but a biennium does not 
O 

A favorite Regospeak word emerges: “Hamstrung 
by rules and regulations . . “Fifth, we will elimi- 
nate thousands of other regulations that hamstring 
federal employees.” “O.M.B. will simplify iheappor- 
tionmeni process, which hamstrings agencies.” What 
is this collection of pieces of hamstring? The word 
frying with ham, the thigh of an animal’s hind leg, or 
the K~» A of the thigh of the human leg: the hamstrings 
are the tendons behind the knee, attached to the ham. 
When the hams trings are cut or damaged, the person is 
crippled, handicapped, impaired, challenged or differ- 
ently abled; the metaphor is extended to the verb to 
hamstring to frustrate, cripple or curtail. 

Beware noun duster bombs: in this report, compre- 
hensive health and welfare reform task forces abound, 
and its 1 3 fiscal year /WJ appropriations bills lurk. 

And when is the new administration (cap A) going to 
adopt a comma policy? Over the next five yean is 
followed by a comma, but Within IS months is not. And 
then we have “In addition to savings from the agencies 
and savings in personnel we expect that . . "Aoomma 
is desperately needed after penomeL 

The report could save space, time and — in my 
projection, assuming no change in interest rates — 12 
bilnon commas during the biennium’s next off year by 
simply dong away with the serial comma, which is the 
comma in a series before a conjunction. The tune is ripe 
fora comma cap. By taking Regospeak's fraud, waste, 
and abuse — with its unnecessary comma after the 
second word — and reforming it to fraud, waste and 
abuse, we could release a huge pile of commas for 
shipment to hamstrung grammars abroad. (That phrase 
is more widely expressed now as waste, fraud and 
abuse.) 

Al Gore takes these criticisms in good humor, when 
he asked what I thought of his reforms and I replied 
that a linguistic analysis would be forthcoming, he 
gave a little moan. 

New York Times Service 


INTERNATIONAL 

CLASSIFIED 

Appears on Page 4 


WEATHER 


CROSSWORD 


Europe 

Today Tom 

Mgh Low W Mgb 
OF OF OF 
Mgwwi 22/71 13/55 s 23/7! I 

ft nWraW n MAT 14*7 r 16*1 I 

Mura 31/m 1'4fl ■ 29 It* ’ 

um 3o*a 17/62 % aime : 

Bamfcma 30*8 ISAM rfl 21/70 

22-71 8/48 pc 23/73 ■ 

OvWt M.S7 9UO jit 18.S4 

13*5 H/52 1 14/57 

Bud*»al 19*6 6<4C pc 22-71 ! 

Copmtngwi 14.57 1IA7 *■ 1081 

CoobCMSd 24.75 17-62 1 25-77 1 

DU*n 17*2 7/44 » 16*1 

EdrtuTjh 1061 11/52 pc 16*1 

/tana IBS* 13*5 J/l 20*8 

Fnattwl 14-59 10/50 jh 19*6 

Gnm 12-53 9« 1 1253 

Hctorto 12 53 409 « 1355 

\ruiUJ 29*4 15.59 s 28*2 

Lot Palmas 24/75 18*4 1 25.77 ; 

Lisbon 3170 12.53 9 30*8 

London 1355 11*2 oh 1559 

UxM 18*4 439 pc 21.70 

Ulan 1*64 13 as 0.1 18*4 

Uuxaw 14 57 4.33 a 11.52 

Munch 14 51 / « (C 14*7 

Nca 18X4 1457 1 |4.» 

Ojfe- 14, V 7*4 pc 16*1 

ryma 10*16 176? pr. 24-Tf. 

Pwn 1253 1=5* *h 14.57 

Pc-jn IB 61 8 46 4h 10*4 

Hoyk|W.Ji 11.52 7-44 c 9 48 

Hrr 18.6J 13.55 oh 31.70 

51 Pdmbu-'j 12/53 2/35 pc 11*3 

SwcUxAii 13-55 7-44 pc 11.-57 

Ou-touf] 13-W 8 .'4ft oh 13.53 

Tdtam 12*3 9 48 rJi 15 59 

Vcnco 32-71 1861 pc 31.70 

V-opiw 16-61 8.46 pc 17*3 

Amu, 15*9 11-52 v*l 1BB4 

uorfi 15-59 9'4B oh H*? 


Forecast for Tuesday through Thursday, as provided by Accu-Weather. 



Today Tranonaw 

»gh Low W Mgb Low W 
Of OF OF OF 


Horaftann 




lUmrannwbV 

JCoM 


LkwanrawBly 

Ha 


North America 

Chilly air we plunge south- 
ward through central Canada 
iNs week, bunging frosts to 
the upper Mdwost and Great 
Lakes sialos by Thursday 
mo/noig The southwestern 
Un-tod Siates wfl Have sun- 
morfke wa/imti al midweek 
Cooler weaiher will reach 
San Francisco Wednesday 
and Los Ange/e* Thursday. 


Europe 

Another bout of rains will 
soak south-central Europe. 
Flooding rain is possible in 
Italy. Switzerland and the 
western Balkan land, (here 
wiff be thunderstorms. 
Clouds wfll hold sway along 
with showers and mist 
through Wednesday in much 
ot Germany through England 
and northern France. 


Asia 

Japan wiH begin with snmo 
warm sun. but ram «r 
iy at midweek. Kora- 
cool with a few t 
Strong wmds writ L 
ling Tuesday; it may ram 
Shanghai. Showera are pos- 
each day m Hong Kong 
and Taipei Sngaporc wfl be 
hot with Ml- or- miss thunder- 
storms. 


Capa Tram 


33/73 19*6 pc aa/73 16*4 • 
32171 11/52 pc 31/70 12/53 a 
22/71 12*3 ■ 23/73 15/59 1 
19*6 11JS2 1 22/71 11/S I 

38/84 23/73 pc 28/84 24/75 1*1 
23/73 8/48 pc 25/77 11*2 pc 
25/77 19*6 rft 28*2 15*8 ■ 


ACROSS 

1 Tense 

s Label for a sale 
10 Celebration 

T4 regni 

15 Ancient 
marketplace 
is Hitters' stats 

IT By the 

(barely} 

xo Lecher of myth 
xi Dessert 
forerunners 
22 Feudal figure 


25 Track transport 
in Tampico 
MOneofa 
wen-known 
seven 

xe Charge fora 
cannon 

31 time 

(individually) 

39 Diamond figures 
37 Famihar bytine 
3a Persian Empire 

founder 

40 Act impulsively 

43 Listing 

44 Glacial snow 


Middle East 


Today Tomorrow 

[h Low W wga Low 


Oceania 


IVS9 7.44 a 16*1 10-50 pc 
33.71 11*3 1 3371 1353 s 


Of CJF C/F OF 
31.88 31/70 1 33/89 33/73 9 

Cara 3239 17*3 s 33-91 21.70 » 

ftrawsoa 3389 10.50 * 34.-9J 15*9 ■ 

Jnuafcm 37/80 1651 1 3e-B2 18*4 s 

Luujr 38.100 IBS* 1 40/104 19*8 » 

nyraffi 40 104 19*8 t 40.104 19.58 * 


Latin America 

Todoy Tomorrow 

tagh Low W High Low W 

W OF OF OF 

bmntaM 33/73 9/48 3 18*4 7-44 pc 

Came 32/89 25/77 pc 32/89 38/78 pc 

L*na 18*4 15*1 0 18*4 1559 pc 

UowcoCty 21/70 13/M I 20*8 11/52 pa 

RncteJanon 23/71 21/70 I 24/75 20*8 pc 

Sandora 31/70 4/39 0 18/81 3*7 s 


Lagand: s^aouiy. cc-tartty croudy. c-doudy. sh- a ww oa . HwdcwtaroB. ne, rtf-ano* Smfcs. 
so snow. Hce. w wcjther M raepo. f orc cao to and dole ptrrrtdod by Accu W aoltw r . Inc. g- 1993 


North America 


11/52 10*0 
25/77 13/53 
23/73 14*7 
18*1 7/44 

28*83 8/46 

18*4 8/48 

28*4 24/75 
39184 10*0 
31*3 14*4 
32*8 33/73 
14*7 7/44 

17*2 9*8 

32*9 23/73 
24/75 16*1 
41/106 23/73 
31*8 13-55 
23^3 11*2 
17*2 8/46 

27*0 18*1 


Human 

UwA n pcl M 


Wl 12*3 337 pr 
I 24/75 12/53 po 
r 23/71 17*2 r 
«ti 18*4 5.-41 pL 

• 25.77 0/43 s 
d> 18*4 4/38 pc 
pc 31*8 23/73 pc 

• 28*4 9MB • 

• 31*8 19*8 > 

I 33*1 24/75 t 
pc 17*2 3*7 PC 
*1 18*4 7/44 r 

pc 32/89 25/77 • 
c 22/71 17*2 r 
u 38.700 21/70 8 
■ 24/75 13-55 ■ 

S 33/73 9*8 s 
C 17*2 6M3 9h 
1 24/75 14*7 r 


Solution lo Puzzle of Sept. 21 


□□□□□□ B3Q E30GK3 

□tsnsmn ana aaan 
snciHBin ann naan 
□raaaHQunnaaa 
aansaaiD □□□□□□□ 
□ana aaa □□□ 
□□ana □□□□□ □□□ 
□□a □□□aaaa ana 
□□a □□□□a aanaa 
saa aaa oqedb 
DHmnaaQ ; □□anauQ 
□HGjaciaaQacjaa 
uhqo □□□ u3Qaaaa 
uoas ataia uuaann 

QQQED UUQ □□ULjya 


45 Reversal of si et 

46 Fixes clocks for 
D.S.T. 

46 Milieu of 26 
Down 

90 Be permissive 
6i Actor James 
from the Bronx 
S3 Testy Ratfish 
95 Knucklar, slider, 
etc. 

56 R.N. nemesis in 
W.W.tl 
6X With barely 
enough to get 
by on 

66 Novelist Jaffe 

66 Broadcast again 

67 Prefer 

66 To 

(everyone) 
ee Set a price 
70 Englishman's 
expression 


t Soviet news 
agency 

2 Paii from Ottawa 

3 Squadron or 
wing 

4 Bennett and 
Roberts 

6 Luftwaffe's foe 
e Kind of trip 

7 Color quality 


6 ‘ You Glad 

You're You?': 
1945 song 
• Stomach: 
Comb, form 

10 Full of envy 

11 in one's 

bonnet 

ix Wagons 

(European 
sleeping cars) 
is Bat wood 
isHershlser 
it Defensive 
excavation 

23 Yellow Brick, lor 
one 

24 Papal cape 

26 Ray 

Leonard 

27 Chew the 
scenery 

28 Garden pest 
30 It's opposite 

CaJa* 

32 Spinning 
» Veil matenal 
34 Balance-sheet 
item 

36 New England 
town official 
36 Isle nearSL 
Christopher 

41 Take by writ 

42 She succeeded 
Barr 

47 It’s 3.5 mUNon 
square mi las 


Q New York Tones 



40 Sullen 
52 Baby boys, in 
Madrid 
54 Town near 
Salerno 

35 * Night' 

1980 honor film 


56 Island off Mull 

57 Pierre is its cap. 

5» Affirmatives in 
Arles 

ee One of the 
Aleutians 


8 i ' asked me 

how l knew ..." 
«2 Monastery 
figure 

63 Formal must 
6 « Central Neb. 
city 


7 wonder if 
the little guy had 

futl today 



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•IVORY COAST 00-1 11-1 1 

ZAMBIA* 

00-899 

KENYAt 

08 OO-IO 

ZIMBABWE* 

110-899 


ART 


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